GBP/JPY LONG
Yesterday move did not setup properly.
Price returned to fibzone/SR confluence, and has now done a fake break.
Sellers did not show up at test, and we are in LONG.
Price returned to fibzone/SR confluence, and has now done a fake break.
Sellers did not show up at test, and we are in LONG.
Trade active
entry: 143.731Note
Price has reached its next test for selling on the up move. Initially, showing no real weakness... not enough to be worried about closing anything. Holding for now and watching to see if it goes through and closes above the test
Note
Now some weakness has revealed itself. Closing 1/2 of the position, and moving stop up
Trade closed manually
Out on the other half on the show of weakness again. I'll take my profits and wait patiently.
Note
Second half of this setup showed up.
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Related publications
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.