GBP/JPY 1HR LONG
Trade was analyzed on 1hr time frame and trade was taken based on 30m time frame.
Trailed the stop loss in 5m time frame as the candle did not break the previous low. At this point, it was a risk free trade. Even if the SL stops me out I would have been in 2 pip profit.
Closed the trade fully when the 5m candle broke the previous candle's low. Closed in 7 pip profit. Didin't want it to hit my TP.
Price then continues to go back up hitting my original TP.
Trailed the stop loss in 5m time frame as the candle did not break the previous low. At this point, it was a risk free trade. Even if the SL stops me out I would have been in 2 pip profit.
Closed the trade fully when the 5m candle broke the previous candle's low. Closed in 7 pip profit. Didin't want it to hit my TP.
Price then continues to go back up hitting my original TP.
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