We are never shown the real picture until its too late... If you ask me right now, ill never go short even if it seems like we are at a major resistance if you see it through technical analysis... Too many bears are at this small range (highlighted in purple), and so I believe they will be wrecked. Stop loss is tricky here, im just guessing...
GBPJPY
Entry @ 139.747
SL @ 139.156
TP @ 140.217
TP 2 @ 141.300
GBPJPY
Entry @ 139.747
SL @ 139.156
TP @ 140.217
TP 2 @ 141.300
Trade active:
Now 16% of all net bears are bearish
Comment:
This is what sellers see...
Comment:
After very strong green candle, many sellers hit stop loss, taking the sellers in this area from 16% to 10.42%
Comment:
If you are long you could have already taken profits, or if you want the whole bag this might be my guess of what will happen next
Comment:
How ill personally play it... From now on,
Move stop to BE
TP 1 @ 140.05 (50% of profit here)
TP 2 @ stays the same
Money made!
Move stop to BE
TP 1 @ 140.05 (50% of profit here)
TP 2 @ stays the same
Money made!
Comment:
Safer approach for those who want earlier profit
Trade closed: target reached:
Good night (50% profit)
TP 2 still open, BE set
TP 2 still open, BE set
Comment:
Trade closed: target reached
