.png' src='/static/images/svg/idea-image-placeholder.svg' alt='USDJPY: Trading to the spike base' class="js-image-lazy-load">
I've palced a different buy limit entry with some adjustments to the trade management - Bias / Setup is still the same (LONG) as mentioned in the previous idea.
- 2 Trade entries (instead of 1) @ 100.18
- Stop Loss is 99.84
- 1st TP is @ 101.065
- 2nd TP is @ 101.405
- SL will go to Break even after 1st Target is hit
Let's see how it goes...
Highly likely the gap will be closed up
Hence the reason for taking half profit off the table and moving SL to breakeven
More importantly NO LOSS through active trade management