It could easily be the worst trade of the month.
Short GBP/JPY at 219.53
Stopped out at 220.27 (-74)
I should not have entered this unfamiliar market while there were plenty of clear opportunities out there at that time. I should have taken my loss at -50 instead of being stopped out at near the high of the day. Lack of thorough thinking when entering the position.
Meanwhile, my revenge trade:
Short GBP/USD at 1.8892
Closed 1.8863 (+29)
This put me at a loss of -45 pips for today, and only +3 pips so far for the week.
I quite like the idea of stop hunting. -via Forex Project
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