GBPJPY Trade Exit

Unfortunately, the Euro Announcement caused a spike and took us out of the trade and then went in our direction. We got stopped out for a min. loss.

If our stop was 4h or higher, we would not have gotten stopped out. When you trade lower timeframes, you can be influenced by news announcement.

This is ok because we wanted to take a low risk trade.

About the Author Manesh Patel