Monday, November 26, 2012

GBP/JPY H1 Update + Trading Plan Idea

Rationale:
Because my temporary bias is short on GBP/JPY due to possible ending of wave 1 I had a limit sell order placed. I will try to sell on spikes to the upside.

Enrty: Sell Limit @ 132.38; SL:1.32.50, TP:(waiting for some retrace to 130 level)

R/R:min 5:1.

Take care

Seb

PS: Please Follow my twitter account to receive all updates  on my current trades: @Flynchenberg.




Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gbpjpy-h1-update-trading-plan-idea.html

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