GBPJPY LONG

if the price holds POC. omega entry on GJ will be good to take. since L50 seems to be swapping to sell zone. Grade B risk here.

Kommentar:

high EV play here on GJ will be if it pulls back to PD AVWAP and we go long in 2 breaks -
1st position after tag and rejection of PD AVWAP
2nd position will be an addition once price clears and sustains over POC.

Trade ist aktiv:

part risk in.
will add upon tag and rejection of PD AVWAP.
I have given this position more room to move by putting SL below the low volume node.

Kommentar:

above comment - something like this

Trade ist aktiv:

both positions active

Kommentar:

GJ has been trying to clear today's AVWAP but hasn't succeeded yet.
good thing that I started with 2 positions. 1R tagged in the second position and so I was able to book 0.8R on it, reducing overall risk on this trade.
PS. I did not over risk on this trade. my original size for Grade B is 0.3% so I started with 0.10% on 1st position and 0.20% on second one.

so essentially I can't lose money on this trade. even if it stops me out now, I will walk away with small profit. decent risk management

Trade geschlossen: Ziel wurde erreicht:

both positions off. booked. it's NFP friday to day so I am not going to get greedy now.
Cheers