GBPJPY showing a potential LONG reaction as its near the support area at 144.123 this is because the candle sticks seem to become shorter with longer wicks from the sellers, the last 4H candle closed below the 200 SMA which i think can be a fake out since the support area is really strong. I placed the SL (71pips) just below the previous lowest point 143.766 just to be safe that if the market does decide to get a bit lower than go back up that im still in this trade, i placed the TP (263pips) again at the 0.618 fib level.
Yorum:
putting SL into profit since im in 57 pips profit just to make it a risk free trade