In my point of view I think that this day long price action is forming a retest for weekly and daily major broken support level.
GBP pairs usually react to 0.5 Fibo retracement levels. If it breaks the upper zone I'll change my mind to long.
For sure price may buy back up for the short-term pushing possibly to 161 - 162. The thing is if it will give wicks or strong candles.
JPY is possible to retrieve momentum.
GBP pairs usually react to 0.5 Fibo retracement levels. If it breaks the upper zone I'll change my mind to long.
For sure price may buy back up for the short-term pushing possibly to 161 - 162. The thing is if it will give wicks or strong candles.
JPY is possible to retrieve momentum.
Note
partials at +50 pipsTrade closed manually
closed at 159.200Trade active
Second short trade activeNote
50% closed manually at support zone -> 160.129. Almost 100 pips.Trade active
Tp1 hit - 160.118.+100 pips.
Note
80% closed at 159.168 grabbing +200 pipsTrade closed manually
Both trades closed manually. The second on with 329 pips and the first one with 201 pips.
Overall 530 pips in profit. That went really well!
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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.