GBPJPY long trade on 16/08/23
- Price broke Asia session during 15/08/23 trading day, supported by news release related to GBP. On 16/08/23 pullback came in with low volume and there was important news release pending for GBP.
- News release
- Correlation factor also supported this trade as majority of GBP pairs show strength by breaking the Asia session on 15/08/23.
- Entry time 1:30pm
- Entry timeframe M15
- Max. possible profit of 13R
- Note: I was stalking this pair since 15/08/23 and did consider this long trade but somehow unable to enter the trade due to uncertainty in my decision, whether this will work or not. I am fear of losing at this point of time and it cause me missing an excellent trade.