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Govv510

GBP/JPY 1HR LONG

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Govv510  
FX:GBPJPY   British Pound / Japanese Yen
Support and Resistance Candlestick Analysis Multiple Time Frame Analysis GBPJPY Forex forexsignals educational forexeducation signals priceaction priceactionanalysis forexanalysis
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supportandresistance candlestick mtfa gbpjpy forex forexsignals educational forexeducation signals priceaction priceactionanalysis forexanalysis
Trade was analyzed on 1hr time frame and trade was taken based on 30m time frame.

Trailed the stop loss in 5m time frame as the candle did not break the previous low. At this point, it was a risk free trade. Even if the SL stops me out I would have been in 2 pip profit.

Closed the trade fully when the 5m candle broke the previous candle's low. Closed in 7 pip profit. Didin't want it to hit my TP.

Price then continues to go back up hitting my original TP.
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