Oluwawithin

GBPJPY Long - The last of the correlations

Long
Oluwawithin Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
So also long on a pending trade in GBP weakness last night.
At start of equity US open all GBP pairs moved down a bit.
As risk across 4 trades is 6.87%, going to adjust risk on some of these as my trading plan is max 6%.
Trade active:
Initial Trade : GBPJPY Risk 1.61% 1.5R
Trade active:
Stop moved to 154.47, Risk 1.13% now.

Still leaves 5.06% risk on table, but that is below my 6% limit.
Trade active:
Holding for now, consider further SL move especially due to 4 hour trendline, which as I write it is respecting.

Comment:
Entry at 155.10, Moved SL up to just above break even.
Only 50 pips in profit, but yesterday and today so far (hello NFP!), 155.23 the low.
Risk is +0.11% or something silly.
Trade closed: stop reached:
Ouch! Stopped out at breakeven.
Trade closed: stop reached:
Downside trendline was respected!
Triangles ....
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