GBP/JPY – Scalp

 

I’ve been going through a rough patch, but happened to locate a nice quick Short trade for 4 pips

After that, I added a Fib Retracement that could have been used for a second entry or scale out.

The stop was not thought out, just placed and might have been adjusted to an extent but price started moving down quickly.

At that time I didn’t think about the Fib option, but unless the stop was planned it would have probably been hit on the retrace, to the pip. Slight chance it wouldn’t have.

 

gbpjpyi-m1-tw-corp

Look at how the price poked through the 61.8 level, where the trend line would be.

This was nice

 

gbpjpyi-m1-tw-corp-2

 

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s