Update:
I have taken a second sell position from 152.500 and if we drop back to my original entry, I may decide to close original position.
RE: GBPJPY INSTANT SELL SIGNAL (Live Forex Trade Setup)
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GBPJPY INSTANT SELL SIGNAL (Live Forex Trade Setup)
So as my earlier update this morning, we took a second entry from 152.500 and for the first entry, placed our Take Profit to entry point, so that the position will close at break-even when it reaches the entry price.
The market has accelerated to the downside, closing our original entry and we are now in +170 pips profit on this one position we have open.
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Our first target of 150.00 has now been achieved and we are now +240 pips in profit. I'm not looking to close my position out here but you can take profit from here if you wish.
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Price hit our first target of 150.000 and the market pulled back as expected. The price found resistance at the 151.000 level and below is a screenshot of lower timeframe, giving us opportunity to add to our position.
Note: If you are stacking positions, please keep an eye on it, you don't want price turning and all your positions hitting stop losses.
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I have closed both my positions for a total of +378 pips. If I see another entry, I will jump back in - otherwise, I will wait until market opens Sunday/Monday.
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