GBPJPY is in corrective pattern and i anticipate one more down movement before the up movement start. Even if it breakout of the trendline, the up movement will not be confirmed before a correction.
I know that my invalidation level is pretty high compared to R:R, i will wait for this pair to correct much higher so i have a R:R which will be good (in my trading plan at least 1:2). If i do not get R:R even if it breakout lower i will stay away.
Thank you for your support
I know that my invalidation level is pretty high compared to R:R, i will wait for this pair to correct much higher so i have a R:R which will be good (in my trading plan at least 1:2). If i do not get R:R even if it breakout lower i will stay away.
Thank you for your support
Comment:
Trade never happened