meister_keith

Closed the previous trade

Long
meister_keith Updated   
FX:GBPJPY   British Pound / Japanese Yen
I closed my previous trade because my entry was shit, if i'm stopped out on this trade then i'm done for the week. I don't want to force any trades until I get something that matches my setups.
Same description as the previous linked post applies:

" The idea is:
Price dropped down to support at 136.400 but never broke below it so there Might be a potential for an upside.
Entry was after a verified H1 bullish close which reinforced the support at 136.400 and my setup.
One candle doesn't verify a shift in direction by this I mean the bearish H4 close doesn't stop the fact that price was pushing up for the previous 2 days and a major support was hit @ 136.000.
Goal is to see price push up to 137.500 if 137.200 breaks. "
Trade closed: stop reached:
Setup was a burst, looks like I was forcing things. I will take a look at the charts tomorrow just incase something good pops up but i'm done for the week, Fridays aren't liquid enough for me.
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