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carlosprofitss

GBPJPY 2/21/2023 PMI positive news trade

British Pound / Japanese Yen (OANDA:GBPJPY)  
carlosprofitss  
OANDA:GBPJPY   British Pound / Japanese Yen
Fundamental Analysis Trend Analysis Technical Indicators
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fundamental trendanalysis indicator
I took one trade early around 1:30am before the news hit. I lost $12 (0.10 lot) because i got stoped out by two pips with a tight SL but re-entered (0.15 lot) around 3:31am once the news had came out positive and made $80+. I knew the market was trending bullish creating HH/HL, it also respected previous S&R zones and broke and closed above previous 1hr candles and traded above both my EMA's. Its risky taking buy in a resistance area but i had plenty of confluences telling my gut it was gonna break above and have a big move since the left was clean traffic.

Comment your thoughts!!!

Thanks,
Carlos.
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