GBPJPY - Reversal Signal for the short term

On the 4H there is a bearish pinbar that is at a level of previous resistance. Entry is 5 pips below the pinbar with a stop 5 pips above. This is a two exit strategy for a total 68 pip profit. Once the first TP is hit the SL will be adjusted to break even.

Trade fermée: ordre d’arrêt atteint:

I expected there might be resistance but I did not expect my stop to be reached immediately.