O pips profit with 30 pips SL

I put sell limit order on 95.60 with 95.90 SL, there was second fib profit and first  retracemnt 61.8% of big downside move. See on chart below. I put this level on my today’s trading plan They missed my TP about few pips.

15m chart usd jpy

1h chart below to see big downside move

As You can see big move covers almost to the pip with second profit fib target.

Note!!
Why i moved my SL on breakeven?
1. Stron uptrend looks likle to contynue, so i wanna be safe. When i saw that they had missed my TP. I had only 20 pips, so put SL on 0 pips. See on 1minute chart.

+50 pips with 30 pips SL

Resaons:

-On daily chart there’s nice downtrend. Trend is slowing down You can see it on MACD chart below, but still down

on 4h chart below we can see nice spike up, so i’m drawing fibs (from total bottom of this swing to highs) and trying to get in on retracement or extansion, threre was no pullback to minimum 50%  retracemnet ( on 15m chart). As You can see there an exalent level two fibs targets are almost at the same price. GREAT!! Pleace to short

So i took exelent short at top and get 50 pips There ware strong uptrend whole day and no pullback for me to get in.

I’m trading on 15m chart but using also 4h and daily chart to see what is going on. Will explain soon my technics.

NOTE:

Safer is to put trade on pullback then on profits also safer is to have multi reason to put trade.

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