GBPJPY Live Trade

Hello Folks

Once again thought i would share my trades with you, today I have an open position in GJ, over the last week or more cable has been going uppurely on speculayion of election results more than anything. Its been a hard pair to read and or tackle.

Some of the reasons I have for this trade are as follows:

• PA pushed to R1 weekly pivot yesterday at 145.07 before running into real money offers and closed significantly below 144.00 at 143.98.
• COT data still indicates way more sellers than buyers so it was only a matter of time before it got sold into
• The yen pairs were sold heavily on China data yesterday, when the expected bad news didn't eventuate short positions were liquidated.
• Us Bond yields falling back from their highs

 Entry - 144.25

Stop Loss 1 - 144.80

Stop Loss 2 - 145.10

Take Profit 1 - 143.50

Take Profit 2 - 142.10

Take Profit 3 - 139.50

Runner - TBA

Update 1 - Admin Fee Achieved

Update 2 - Take Profit 1  triggered

Update 3 - Take Profit 2 triggered

Update 4 - Take profit 3 triggered

Update 5  - Runner in place see what we get now

Update 6 - Trade closed at 140.50