GBPJPY,15M LONG IDEA(RRR= 1:4) 300 PIPS
GBPJPY is technically bullish, after witnessing a weak pound yesterday, today the Great Britain pound is expected to make some recovery, and I am anticipating a stronger pound after the NFP today. However, my analysis is purely technical. On 15m chart, GBPJPY has bounced off a fair value gap, and am projecting a surge in price to the previous higher high at 194.500. Therefore, am bullish on this pair and have taken my long trade at 192.117, with my target at 194.452, and my stop at 191.732. Apply proper risk management, remember risk management is our SUPER POWER HERE. Let me know your thoughts in the comment section, like and share..
Note
after nfp price has surpassed 194.452 as targeted, and thus my take profit has been hit. It has been a nice trade. and that is ho have ended my week. we meet again next week
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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.