DislikedGBPJPY is one nasty dragon with a big tail.
Very funny story though.
In answer to your questions a break through either the 23.6 or 78.2 towards the 50 is always a reversal trade, regardless of where it comes from.
I definately use a stop loss which I place at break even as soon as I think I have given the trade enough room to breath. If it reverses then I am stopped out and awaiting the reverse trade.
Checkz, do you only trade the break of the high or low on the candle, or can you trade in between ?
Also, what timeframe are you...Ignored
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