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forexjunkie33
Sep 28, 2016 8:26 AM

2618 ttade GBP/JPY 1hr chart Long

British Pound/Japanese YenFXCM

Description

we have had the double bottom and price action has already retraced in to the 0.618 fib level so we are in good trade with great risk/reward ratio

Entry was at 1.3027

Stops are at 129.40

Target 1 is at 132.12 (0.382 fib level)

Target 2 is at 133.85 (0.618 fib level)

Comment

Target 1 hit for + 186 pips

Roll stops to break even for target 2

Trade closed: stop reached

Stopped out on target 2 for + 10 pips
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