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Here’s a trade that i’m in since last week.
Forex Trading Pair: Gbp Jpy

As seen in the chart above, a pin bar in the highlighted blue box was formed.

It was a nice pin bar, with a nice long nose.
It is also in confluence with the price pivot as shown in the orange line at 130.299 in the chart.

As the pin bar was a long nose, we usually understand that price will retrace back to close to the previous bar eye before going down. Which is why i placed a pending sell order at the pink line 130.440.

By doing this, i have reduced my stop loss level and increased my risk reward ratio.

Therefore our first partial profit target was at a mini price pivot (orange line) 129.659. It is marked at that level due to a previous bar support as seen in the highlighted grey circle in the chart. Which is a nice risk reward ratio of 1:3

Our next target profit area is the low and a price pivot area of 129.00. That is a nice risk reward ratio of 1:5.



To further our reason of taking this trade.
Lets look at the daily time frame.


In the chart shown above which is the daily time frame.
The market is seen as a overall down move.

We always like to take trades that are in the overall market movement.
Which is as shown in the chart above, price is making a lower highs, and a lower lows.

This further adds to our confirmation that we are in the right trade at the right time.

Just as i am typing this post. The trade ended with our final profit triggered.
A nice risk reward ratio of 1:5.


This is how we trade and this is how our account size GROW!~

To an awesome trading as always,
Ezekiel Chew

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