meister_keith

Break and Retest of 136.000

Short
meister_keith Updated   
FX:GBPJPY   British Pound / Japanese Yen
Yesterday closed bearish after price tapped 136.270.
Price made it's support around 135.400.
Today on the daily, price pushed up to retest 136.000 which was a broken level from yesterday.

My idea,
Yesterday confirmed a bearish run.
Today, i got an M30 & H1 candle confirms indicating a possible down move.
I've set my sights on taking profits in two target levels (1) @135.400, (2) 135.000 which might be the weekly low.
Trade closed: stop reached:
I had set my SL to +2 above B.E so price wicked me out.
Comment:
I took a re-entry @ 135.968, with a 12 pip SL and 56 Pip TP @ 135.400. I might have to take TP earlier if price starts stalling.
Trade closed manually:
Profit target 2 (135.050) was missed by 5 pips.
I finally got to close my trades @135.260 after i got a 1 hour price stall.
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