GBPJPY Price Action Short 1h
Updated
*Personal Journal Only*
Got short on GBPJPY after a reaction on resistance level. The move up is strong so I won't aim all the way down, still theres a potential 3.25 R.
The logic for this trade is: sellers start to come last week with a big drop, so I consider this as a downtrend even when we are in a "higher timeframe range". Waited for a pullback and got a great reaction, so im getting in on the second try to go up that didn't perform.
Feelling: A bit unsure about TP beign too far, but I set it above last support/resistance as my plan says.
Got short on GBPJPY after a reaction on resistance level. The move up is strong so I won't aim all the way down, still theres a potential 3.25 R.
The logic for this trade is: sellers start to come last week with a big drop, so I consider this as a downtrend even when we are in a "higher timeframe range". Waited for a pullback and got a great reaction, so im getting in on the second try to go up that didn't perform.
Feelling: A bit unsure about TP beign too far, but I set it above last support/resistance as my plan says.
Trade closed: stop reached
Stop reached, -1.0R
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