Technical indicators show us that GBP/JPY is going down and will break a Support lvl formed last Thursday and will keep trending down (but on a sideways descending trend not Breakout so be Patient....).
it will travel to a previous Low (last touched on 24 of Mar) and thats where we close the trade and take our PROFIT$$ -its good to keep an eye afterwards to see if will break that support as well
Remember the correlation -FTSE 100 is going down so GBP will get weaker !!! look at the FTSE today ( -0.70%)
so lets make it Simple Simple Simple:
Open a SELL @131.900
Take Profit @ 129.600 (228 Pips)
Stop Loss @132.400 (48 pips)
Risk VS Reward 5:1 !!!!
(always make Sure Risk Reward is 2:! MINIMUM!!)
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Fat Dog Goes Trading -No Ads No Money No Bullshit -straight up trading Analysis !!!!
it will travel to a previous Low (last touched on 24 of Mar) and thats where we close the trade and take our PROFIT$$ -its good to keep an eye afterwards to see if will break that support as well
Remember the correlation -FTSE 100 is going down so GBP will get weaker !!! look at the FTSE today ( -0.70%)
so lets make it Simple Simple Simple:
Open a SELL @131.900
Take Profit @ 129.600 (228 Pips)
Stop Loss @132.400 (48 pips)
Risk VS Reward 5:1 !!!!
(always make Sure Risk Reward is 2:! MINIMUM!!)
Please follow me if you like what you see !
Fat Dog Goes Trading -No Ads No Money No Bullshit -straight up trading Analysis !!!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We are the traders union! we unite to fight together and help each other - we are FREE!
the service is completely free ! join us in the struggle
Available free education on our site :
fdgtacademy.com/
the service is completely free ! join us in the struggle
Available free education on our site :
fdgtacademy.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.