sivertbjug
Short

GBPJPY. Resistance, overbought, divergence, fib

FX:GBPJPY   British Pound/Japanese Yen
Noob idea. Curious as to if there is any response to it.
Trade closed: stop reached: Was probably a bit too confident, moved SL to breakeven and that was the end of it.
Next time, have realistic TP in relation to SL and vice versa. Also, be more aware of the enourmous potential of certain news releases coupled with the right technical levels.

Was the news only an excuse for everyone who was allready itching to get short? Also, maybe it was easier to turn around the market in this violent way after such a long consolidation in expectation of the news?
- Read up on it, mofo.
Not bad to catch possible correction to 0.382 or 0.618. Personally I see price correct to there to then try and break above 162.
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