And the streak continues. Another stop triggered for a loss of 55 pips.
Hopefully my trading vision hasimproved after last week and tonight will be the start of a profitable week. If I am stopped out tonight, I will take a break until Wednesday or Thursday until trading again.
Tonight I will place a sell order for GBP/JPY around 127.49 with a TP 126.55 and SL 128.01. After last night drop from 127.75 I am a bit hesitant to buy until the price can hold above the 100EMA on the hourly. Rather I will sell close to the nearest resistance and hope it is not breached.
I have had a few stops triggered by trying to pick the bottom and am starting to see my mistakes from last week. From now I will always use a fairly tight trail whenever anticipating a reversal.
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