British Pound / Japanese YenUpdated GBPJPY Long/Short Setup
GBPJPY once again reaching an interesting point for the week, my long setup would be at the weekly 50% retrace, target 143.7 to be safe and sl at the low of the week.
However if price breaks 141.7, then the direction would be short imo. For that I would use triple the size of my long to make profit for the week since there ain't too much "free" pips.
Long: enter price @ 142.5, tp 143.7, sl 141.7
Short: enter price @ 141.7, tp 141.3, sl 143.4.
Only valid for this week.
However if price breaks 141.7, then the direction would be short imo. For that I would use triple the size of my long to make profit for the week since there ain't too much "free" pips.
Long: enter price @ 142.5, tp 143.7, sl 141.7
Short: enter price @ 141.7, tp 141.3, sl 143.4.
Only valid for this week.
Trade active
Long position got stopped out, short trade entered at 141.7. Might add another short at 618 retrace depends on price action.Trade closed manually
Closed manually at 141.35
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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.