GBPJPY - Reversal Signal for the short term
Updated
On the 4H there is a bearish pinbar that is at a level of previous resistance. Entry is 5 pips below the pinbar with a stop 5 pips above. This is a two exit strategy for a total 68 pip profit. Once the first TP is hit the SL will be adjusted to break even.
Trade closed: stop reached
I expected there might be resistance but I did not expect my stop to be reached immediately.
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