GBPJPY analysis - inside bar set up on 30 min chart



chart 30 min - 11.43 am Malaysia

An inside bar set up on the 30 min chart.
Went short at 138.65; stop loss at 139.35 (70 pips risk).
Possible target: 135.50 (161.8% fib level)
UPDATE:
3.15 pm - +43; SL rest at +5
added another sell order at 138.26
3.30 pm - crazy price action
stopped out at +5
sell again at 138.56
now +18 and -11
will take a rest and wait until price breaks 137.50
5.11 pm - 137.50 penetrated....
now waiting for Friday's low to be broken...
8.00 pm - Friday's low penetrated
will the beast dive to 135.50?
11.00 pm - looks the price are struggling to break 138.2% fib level
decided to take profit at 136.00
done for the day

2 comments:

Post a Comment

You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.