GBPJPY 550 pips Range!

١٠ ديسمبر ٢٠١٧

This week Hot Pick is the GBPJPY! Pretty simple setup. This market has formed a double top at a strong past support becomes future resistance. In addition, looking at GBP crosses, I anticipate the GBP weakness for this upcoming week. However, due to heavy fundamental announcements this week, I am looking to reduce my normal 1% risk to 0.5% risk per trade. I am looking to enter short at market open with my stop at the red dashed horizontal line. One could also wait for the red counter trendline break before shorting.

١١ ديسمبر ٢٠١٧

تم فتح الصفقة

I entered at market yesterday after spread stabilized @ 151.98 with 0.5% risk. I will look to add into position at a lower high.

١٢ ديسمبر ٢٠١٧

ملاحظة

I am looking to add another position after this 4H candle closed

١٥ ديسمبر ٢٠١٧

ملاحظة

Expect a small pull back and I am going to size in my position

٢ يناير ٢٠١٨

ملاحظة

Market pulls back as expected. It has taken out a low and forming a whats-called a king's crown pattern and its now holding at the right tip. I am holding my trade

١٠ يناير ٢٠١٨

ملاحظة

I am still in~