JimmyDoesASX

GBPJPY Long Idea - Stoch and Fib used

Long
JimmyDoesASX Updated   
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY looks have completed it's retracement, patiently waiting to see if it continues further up back to where it was before. From the 4H timeline, I can see, there is definitely potential there for a upward movement and with the Stochastic pointing up from the bottom there is confidence building in that my idea will play out well.
Trade closed: stop reached
Order cancelled:
SL level was too low, not enough risk mitigated. A short idea should have taken preference.
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