GBPJPY - Waiting for Bullish reversal

Pheniox123

Sergeant
Messages
140
Yeah, Yesterday it went -18K on floating but lucky it made a pull back and now it around -6K in floating.

I am holding this position more than 45+ days and i want to get out of it but cannot close the trade in loss because -6K is big and cannot afford this kind of loss. still holding with hope it will go up in 15-20 days.

Just worried about swap charges which keep increasing every single day.
Yes, thank God there was a pullback and hopefully (who knows) might be a reversal; as there was a strong rejection at 148.461. However, if it does go back to bearish sentiment again then it will slide all the way down…just make sure you have an exist strategy (sometimes you can re-inter at lower levels; such as mentioned above and by the pullback profits you can cancel the loss and break even at current price…but again to do so you have to have an idea where the bottom was).

good luck
Pheniox
 

shanmugapradeep

Private, 1st Class
Messages
42
Finally i have closed my trade when i see small reversal and made cut loss.

Report :

1627376102607.png



Thank you all for your suggestion. The issues is resolved.
 
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