GBPJPY Mesa SR Line Break trade 25July08 -CLOSED

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:

GBPJPY Mesa short trade 25July08

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