GBPJPY Short-Break & retest

Jul 12, 2020

GJ impulsed to the downside and retested a previous resistance. We trade in levels so the next significant level is beautifully at the 27% Fibanoci level AND a previous level of support.

Trail stop loss! Use good risk management. This trade has a 4.73 risk to reward.

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Jul 13, 2020

Note

I put the Sl pretty tight to the previous wick, I've already adjusted mines a little higher to 135.500

Jul 17, 2020

Trade closed manually

I forgot I had to update the idea. But we were so close lol. I trailed my stop and was able to still make a profit.