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RE: GBPJPY INSTANT SELL SIGNAL (Live Forex Trade Setup)
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.
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.
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.
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.
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.
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.