18/04/2011 – GBPJPY Short

Hi, Just getting back into the swing of posting with a quick post on a Growth Account Trade which triggered overnight.

I had a Short order for GBPJPY to short at 135.17 with a stop at 136.33.  Overnight the trade has triggered and at one point was about +80 in my direction.  There appears to be a great deal of support around the 134.30 – 50 level which also sits nicely in the 50-62% retrace from recent highs. 

 As per my rules the stop has already been trailed and is now about a third of the way to entry.  Looks like a good deal of support is there so we’ll see how far it bounces off it. Will keep you posted.

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About FXTraderPaul

A professional Trader and Coach, FXTraderPaul blogs about his adventures from the front-lines of FX Trading. A Trader and educator who can walk the walk as opposed to merely talk the talk!

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  1. 21/4/2011 – GBPJPY Trade Update « FXTrader Adventures - April 21, 2011

    […] fill you in I was short on GBPJPY, (you can read more by clicking here) price had dropped strongly earlier in the week, had hit my T1 and got over 200 pips up and within […]

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