meister_keith

Finally price reached the demand zone

Long
meister_keith Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
Since last Saturday i've been anticipating this move and finally it's here, at first i took my entry on the first M5 candle rejection @145.756 because it showed promise at the time, but i got stopped out so i waited for price to coordinate with the retail sales news. A few minutes before the news, price started holding support then i got an M5 rejection again so i took another entry. Once price pushed up and was far enough from my entry, i set the trade to B.E so that i don't take a second loss if price ever reverses back down. I will be looking to swing it to 146.900 and IF i see signs of this zone breaking, i'll get an entry on the retest. I'll also be looking to get multiple entries on the retest of zones that we had trouble breaking ( 146.220-300, 146.500-600 ) each with TP set to 146.900.
Trade closed: stop reached:
*I was stopped out at B.E then i re-entered ( 145.546 ) on the 15 minute double bottom with my SL @ (145.486 ).
*I will be taking profit early, i never hold in the weekend.

Remember to always conserve your capital no matter what, i don't think anyone likes burning money unless they can afford to do so.
Trade closed: stop reached
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