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Intraday Trade Idea GBPJPY

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Divergence spotted with a massive Range expansion bar to the downside. Good luck

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For money management purposes one could put stop at break even at this point, or take half off and secure the rest of the trade

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also for what its worth, I do occassionally check the Heiken Ashi Chart against my bar chart to confirm holding the trade for intraday trades. As you can see, we are again red, and the top of the heiken ashi candle is flat. As long as price doesnt break that, we should continue towards target

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I went with the "take off half and secure rest of trade" option. I was able to snag roughly 30 pips and the rest was risk free. Had I not made that change, you can see this trade would have been stopped out. This is why MM is so important, especially for larger accounts.

Trade stängt manuellt

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this is what we were waiting for :D

Alex.Singletary

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