Short USDJPY

Updated
It's in pattern with support resistance
Seems like a fib resistance there

Good time for a short!
Trade active
S/L 111.302
T/P 110.762
Trade closed: stop reached
Stop loss hit!

Reason: I am unsure why I set a T/P at 110.762 when I clearly saw a fib retracement line at 110.864. The better call was to set a T/P slightly above that line probably around 110.900. Honest mistake I tried to push for 1:2 too much that I didn't recognize something that simple.

TRADE CLOSED.
Chart PatternsFibonacciSupport and Resistance

Disclaimer