Missed a trade in GBPJPY pair - forex leaning place

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The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world.

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Monday 4 September 2017

Missed a trade in GBPJPY pair

GBPJPY pair in H1 timeframe. The first day of a trading week is usually not eventful. And also I was busy with family matters.

When I reviewed my selected pairs, I've found that I've missed a nice trade with 1:2 risk to reward ratio. Price created a bearish exhaustion candle at a resistance which was nearly an ideal candle to trade on.

 At the time of writing this post, the price already reached the probable target area for the trade.

Happy trading.

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