Drop of the GBP/JPY today from H1 dynamic resistance. 20151013(1 min read)

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.

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Good trading. Always manage your risk exposure, by limiting your trading size and leverage, according to your account size.

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