Entered a limit long position on GBP/JPY today early in the morning after seeing it breakout on the upside. With WS posting substantial gain last night, i anticipated risk appetite to be in favour. However my trade was cut short just after 1 hour with a full SL of 100 pips. Short term wise, the indicators in the M15, M30 and H1 were showing uptrend. Though the mid term were unclear. I also checked the other crosses for confirmation of trend. GBP were on the uptrend except for JPY, which were ranging.
So what went wrong? Was it my SL? Was it my entry time?
???
So what went wrong? Was it my SL? Was it my entry time?
???
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