jcmoneyman

GJ Long, then short

jcmoneyman Updated   
FX:GBPJPY   British Pound / Japanese Yen
D: Uptrend, respecting the lows + Bearish divergence
4H: Uptrend, price hit -27 on the downtrend and reversed for the buy. Retraced 61.8 so far.
1H: Uptrend, price retraced 50% and hit -27 + RSI is bullish


CURRENTLY:
I'm looking to see if price will
1) go long to hit -61.8 on 1H FIB @ previous resistance zone
THEN
2) go short to retest 1H trendline


~200 pips
Trade closed: target reached:
TP1 hit on long position. Did not take the sell since price broke and stayed above resistance.

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