GBPJPY short term short – scalp

I saw a shorting opportunity today when the GBPJPY had fallen and rebounded… I shorted on the rebound and it fell 70 points… hoorah!

I got in at 158.66 and got out at 157.96.. all in a matter of 15 minutes or so.

I don’t want to speak to soon but lately my trading has been going quite well, I am far more picky with my trades and very careful when putting them on. The initial trade was with a 50 point stop and 100 point target.. however, in the market you need to be flexible where you can get out if you see momentum going the other way.

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Category: Forex trading, Spreadbetting, Trading