AUDJPY Long 2:1 RR Day-trade

After previous trade failed to keep going short, we mentioned that we'd likely get a bullish 1H candle (that at a time was against us).
Well now price is printing a possible quick Long.
Already in.

İşlem aktif:

We're in at 94.095. 7.2 pip stop.
Very tight.

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Good 4M close. Keep holding. May very well go to target.

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Good movement.

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Golden Cross. Pretty good overall looking. 1.3 pips till 1:1 target.

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1:1 reached and banked. Also moving stop to 94.070 the remainder of a position.

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Not ideal, but we're hanging now - 0.5 banked and stop is moved already.
So from that point no need to make further decisions: price either drops to stop, or goes to 80%-target area. Will update when that happens. 15 minutes till end of session, not much else is going on.

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Very well moved. Waiting for price to touch 80% (the next dashed line) and be looking for exit already. 5 minutes till end of session. No more new trades, just finishing the management of this one.

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Touched. Now decisions are simple: either just holding and it taps our target at 94.247, or it closes below that dashed line (second from top) and we manually close for a little less. Great trade, and great catch.

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^^ Will be basing this decision based on 4M as it's not that tight as previously.

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90 seconds left.

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1M dropped, it is what it is. Waiting this last minute as that is when 4M closes.

İşlem kapandı: hedefe ulaştı:

Closed for +1 total. Not bad. Finished the day with +1.07. Not bad.

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See you tomorrow.

On to the next one.

Lightwork_

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(This is why I like taking profits as I do at 80%/target)

Price turns around and it constantly feels much worse when it moves down vs. how it feels better if it goes up.
Locking profit is also EDGE. Huge.