GBPJPY pre-us open – taking a small stab at a mesa trade down to 212.76, trade just opened. SL is at 214.50 and entry is at 213.95. Most likely this is the last trade for the week. This is a quick trade, no analysis, just a reaction to what I am seeing the market do and based on existing trade setups I like.
UPDATE – Trade closed and hit my stop loss almost a quick as I put it on. This pair amazes me at its powerful surges. It is reaching as I type for the bottom on the former Channel Trendline. I jumped into this and should have waited for the candle to close.
Here is the trade setup: