Tuesday, February 24, 2015

Opened - Long GBPJPY

My pending long on the GBPJPY got triggered today, when price poked above resistance. I set my stop loss just beneath the highs of the last 9 days. You know the old saying - old resistance becomes support (and vice versa). My reward is 1.25R. 

Fundamentally, I am bullish GBP and bearish JPY, so this trade fitted my fundamental analysis. 

(click to enlarge)

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