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Arsenic7910

GBPJPY POTENTIAL LONG

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Arsenic7910 Updated   
FX:GBPJPY   British Pound / Japanese Yen
Support and Resistance Supply and Demand Fibonacci
2
0
supportandresistance supplyanddemand fibonacci
As We can see a strong pullback at 1hr we get a good long entry upto 162.900 - 163.500 level.
Position Sizing is important to manage Risky situations.

NOTE : This is just for an educational and experimental purpose and not an investment advice.
Comment:
As we have nailed the Target but we can still be in a trade by trailing stop loss at entry price and trailing it to 162.904 after it crosses 163.200 so that we can be in safe score thus protecting our profits.
Also you can take partial profits out if you want to be safe and trail the remaining till we hit 163.500 or trailed sl to 162.904
Comment:
Guys seems like GJ is shooting,
Step up Trailed sl to 163.200 and have some buffer for drawdowns.
IF price shoots up to 163.750 we will trail Sl to 163.500 and then keep trade running and takeout profits as per your appetite.
Else our trailed SL will be triggered and we will be out of trade with profits on table.
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