Trade explained.
Today the GBP/JPY pair dropped of from daily and hourly dynamic resistance. I was able to catch this move on my dynamic chart setup. All confluences lining up gave me enough confidence to take the trade. Also very import is that the Risk vs. Reward ratio was good on this trade. A clear target was set on the weekly S1 level at 182.395 for a decent 154 pips of profit. I will take these home every day.
Do you have questions about my trading? Come join my free webinars I give weekly. They are announced on my TradeReact facebook page so don’t forget to follow my updates there.
Good trading. Always manage your risk exposure, by limiting your trading size and leverage, according to your account size.
Open your account Now!
Because you can Trade like this too!
Don’t wait any longer and open your account on the Dukascopy banner here.
Start studying, start earning and growing your capital.