FX:GBPJPY   British Pound / Japanese Yen
GJ Had been bearish for a while and had now tapped into main demand zone where I was expecting a reversal but needed a confirmation. Price broke above structure confirming buy bias on 30m and 1h and now looked like it was heading down for retest & retracement.

Upon seeing I was looking for entries @188.200-188.300 with a sl@187.900 (risking 35pipsmax). I also set a buy limit @188.25. Aiming for 1:3; R:R.

TP1: 188.75 TP2: 189.00 TP3: 189.47


* Where has the market moved since I entered my trade? Slight profits
* If I looked at the market now, would I take the same trade? yes
* How do I feel about my trade? Optimistic
* What do I like about this trade ? Precise entry
* What do I dis-like about this trade now? taking its time, reversal trades tend to do this
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ? no







Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.