GBPJPY – trade

I went short on the GBPJPY forex pair today at 136.75 and too profit at 136.25 for a 50 pip profit. It was looking good for a short as it had once again bounced off a top pattern at around 136.90…  I had intended on just keeping the trade running and gradually move the stoploss down as the price action was moving my way but when it started to look a bit funny in the charts and also as there was some resistance previously at 136.25 area, I thought it would be safer to take my profits!


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Category: Forex trading, Trading