GBPJPY - Momentum Move is Next

Looks like the bottom is about to fall out. Stops at 139.50, with a confirmation of a reversal on a close above 140.50

Trade stängt manuellt:

Clearly the bottom didn't fall out and the pound surged over 100 pips to again test the descending trend. Risk management is always key to long term profitability so make sure to use Stop Losses when trading! If you gained pips on the break of 139.00, great! By now you should be neutral or long. Longs should have stops below yesterdays low.