GBPJPY long
Risky trade; against the trend and expecting retracement after price hit previous low.
1hour chart: previous candle - signs of reversal
4hour chart: tested resistance and price bounced back
Using Fibonacci retrace
Entry: 158.77
Exit: TP1 159.35, TP2 159.92, TP3 160.38
SL: 158.37 (few pips below the recent low)
Again, it is the risky trade.
Risky trade; against the trend and expecting retracement after price hit previous low.
1hour chart: previous candle - signs of reversal
4hour chart: tested resistance and price bounced back
Using Fibonacci retrace
Entry: 158.77
Exit: TP1 159.35, TP2 159.92, TP3 160.38
SL: 158.37 (few pips below the recent low)
Again, it is the risky trade.
Trade closed manually:
Some trades closed at TP1 and remaining trades closed manually