GBP/JPY - CORNFLOWER TRADE 19 AUGUST 2010

Open trade at : 133.41
Target price at : 132.41
Stop-loss at : 133.90
Closed at : 10 pip @ 133.31
Standard account.
Reason open - Price are failed to break above the 2-EMA line 12EMA and 24EMA. Risky trade but keep stoploss in the line should be minimize the loss. Plus with GBP/USD stil struggling, then on usd/jpy the target still DT.
* This trade are not recommended to follow, its just my journal trade. Can i survive ?. :P
** Market still wait on BOJ action - watch out. maybe will pull out this trade if already get green pips. Hope so.
*** Not good news for my trade --> http://www.forexlive.com/126331/all/economy-is-on-a-knife-edge-warn-bank-of-england-policymakers
This news make market wanna buy GBP more. So i think my trade in danger now.
Labels: journal



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