GBP/JPY UPDATE: Second attempt at a long...

The previous long was no good. A new opportunity might be coming up.

The downtrend is strong so switching to smaller timeframes and waiting for PA confirmation of a reversal is a good idea!

Tight SL!

Trade active:

SL triggered on the buy order, re-entered manually @ 172.00, was up 100 pips in 2 hours...., now stalling:

Comment:

Tis idea from tntsunrise (www.tradingview.com/u/tntsunrise/) re-assured me of my thought:
www.tradingview...CHED-1-618-EXT/?utm_source...

Comment:

Sorry, correct link for tntsunrise's idea:

Trade closed: stop reached:

50% profit at 1.73, stopped out at BE, next stop is the trendline!