Jbfn

Quick scalp (10 pips) on GBPJPY- 23Feb2021

Long
OANDA:GBPJPY   British Pound / Japanese Yen
Please check the chart for the trade breakdown and do comment your views on it.
Comment: Closed another 70% at 148.300 with Sl 148.038 (below previous 1hr candle).
Comment: My next target will be 148.800 (next 4hr resistance) and if this current 4hr flips bullish I will scale in position for longs.
Comment: I scaled in position once the new 4hr candle broke the wick high i.e. 148.371, with Sl below the previous 30min candle.
Comment: The new position got stopped out (risked 0.5%). So overall I secured almost 20 pips.
Comment: The new position which I scaled it was a mistake. Should not have done knowing the fact that it was monthly level.