iam_melvinsmith

GBPJPY Scalp W/ Fib

Long
FX:GBPJPY   British Pound / Japanese Yen
For this buy, I had multiple confluences. the first one is my trendline headed to the upside. second one is price is on the 50% line of the price channel. another confluences was the fib reacting off the 23.6 Multiple tps I'm going for 25pips for a scalp
Trade closed: target reached:
my 25t pip scalp hit could of went for regular 35 pips tp. however only the wick would of saved me. So im happy with my call going off the .236 So now current price is back in its zone. so depending on the breakout ill be looking for a new setup
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.