Yobear10

GBP/JPY buy trade

Yobear10 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Simple news trade based of the consumer confidence but should be taken likely as it has a mild affect on the market. Along my side top down analysis and my breakout strategy I took the trade. Basically I make money free
Comment:
Another confirmation was that price broke above the small resistance @ 159.252
Comment:
QUICK TIP: Always trade with the trend, momentum is your friend don't always be looking for big reversals in the market.
Comment:
This trade you see is purposely set for a low risk high reward ratio meaning in the long term I can afford to loose trades like these and still be in profit purely of RRR you can make extreme gains even if your win percentage is low.
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