GBPJPY TRADE ENTRY, SL & TP

11 nov 2020

Two stop loss, why? if you wish to enter now, you will need to give the trade some room to play out so you should use the bigger stop loss in that case (Stop loss placed below structure). If you want a tighter stop loss then enter this trade when receive to projected move, why? because there is momentum coming from the higher time frame and that projected move will confirm that the trade is ready to move because we will receive a break of the previous structure and retest allowing us to then place the stop loss below the previous structure making it tighter.

11 nov 2020

Nota

PRICE JUST BROKE A PREVIOUS HIGH AND CLOSED ABOVE THE 50 MA, MOMENT FOR ENTRY WITH SL AT 139.25 (JUST BELOW STRUCTURE). LETS GOOOO.