Quick scalp (10 pips) on GBPJPY- 23Feb2021

Long

British Pound / Japanese Yen (OANDA:GBPJPY)

Updated

OANDA:GBPJPY British Pound / Japanese Yen

chartpattern trendanalysis beyondta gbpjpy gbpjpylong gbpjpyanalysis gbpjpyprediction gbpjpyoutlook

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.

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