GBP/JPY Swing Trade
Updated
Long 131.5-133.1
Stoploss at 131.4 (0.95%) loss
Targets 141-144(7-9%)
Timeframe: 14-18 days
Risk Reward Ratio: 1:7, 1:9
The lose stop hunt is in case there is a fake break down to the 131.4 region followed by a rapid pump. A tighter stop with more lev can be placed at 132.25
Stoploss at 131.4 (0.95%) loss
Targets 141-144(7-9%)
Timeframe: 14-18 days
Risk Reward Ratio: 1:7, 1:9
The lose stop hunt is in case there is a fake break down to the 131.4 region followed by a rapid pump. A tighter stop with more lev can be placed at 132.25
Note
Meant to say lose stopNote
132 rn. Good place to add with last place at 131.5. Below 131.4 idea invalidatedNote
Momentum seems to be strongly bearish still with out much bounce follow through so best to exit 1/2 the long and add lower. Bears still in control though so a hedge should strongly be considered 1/3 the size of your long to minimize losses.Trade closed manually
Better to close long for now since price has yet to bounce. A small short can also be considered since bearish momentum still in play
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