Long again at 168.8, looking or 169.5 and beyond
So my first long (see earlier posting) take profit stop last night was taken out at some point while I was sleeping, probably due to the volatility surrounding the USD news (yes, this is GBP/JPY, but anyways...). I committed last night to a tight TP line due to Crimea, so I'm fine with that.
Moved down to the 15min chart, thought a second long position was okay to take with the ichimoku as my stop loss, due to:
1) Yellen speaking at 11PST
2) the price is near my H/L trend line (orange).
3) MACD center line cross.
Aiming for the upper yellow H/L line and see if it goes beyond that. (169.5 ish?) Seems to have a local resistance line as well.
Since placing long at 168.8, I have moved my SL to just slightly taking profit - wanting to give some space - hoping to keep this position into the weekend (everyone knows GBPJPY is loudly volatile, so I never know). I may add to my position late tonight and move my TP line accordingly.
Moved down to the 15min chart, thought a second long position was okay to take with the ichimoku as my stop loss, due to:
1) Yellen speaking at 11PST
2) the price is near my H/L trend line (orange).
3) MACD center line cross.
Aiming for the upper yellow H/L line and see if it goes beyond that. (169.5 ish?) Seems to have a local resistance line as well.
Since placing long at 168.8, I have moved my SL to just slightly taking profit - wanting to give some space - hoping to keep this position into the weekend (everyone knows GBPJPY is loudly volatile, so I never know). I may add to my position late tonight and move my TP line accordingly.
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