GJ Sells Breakdown 13/11/2020

FX:GBPJPY   British Pound / Japanese Yen
I don't usually take impulse entries but I
have taken a similar setup on GJ 3 times
before already this week and they were all
winning trades

Entry was taken at the point we broke below
the wick of the bearish 30m candle on support
anticipating price to come down to the next
support. I used my usual 2% risk and price
very quickly moved towards target
TP hit and I secured 3.2% account increase

If we flipped bullish I would have managed risk
by closing half of my positions so that if SL
hit I lost less than I was happy to lose.


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