GBP/JPY trade recap

After I’ve made a note of unreliable hikkake patterns on the 10-minute timeframe yesterday, today the sterling-yen showed a nice failed inside bar breakout after the pair started a move away from the 130.50 resistance.

I was palying the short side today. Entered three times, the 1st trade was exited at the take profit level nearly at the 2:1 risk level. The second entry also failed to break below  the prior and was stopped out. The third short was entered on a bearish harami at the same level where the failed inside bar breakout took place. The below chart doesn’t show it but the third trade was stopped out as well at 130.15.

Summary:

setups traded/missed       3 : 1
trades won/lost            1 : 3
pips gained/lost        60.5 : -155.8

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