GBP JPY forming an bearish set up according to Elliot rules, which I have shown in the chart .Fundamentals may Support .please note this if fundamentals support this Elliot structure then +4000 pips will be in your hand as corrective wave It could take a some time may be,but as daily charts have maximum probability of correct predictions we are getting entry short point here at this level if GBP JPY goes above 145 then it could be break of this structure.
By this way Elliot have offering you +800,+1400 and last wave up to +4000 pips .you need patience for this trade and you have to be cautious also .and well proper monitoring also .
Entry Entry for short is below 139 for all this trade after breakout confirmation .
Exit during all you need to add monitoring your trade .and according to my experience this trade have +90% of success .
So swing traders would not miss this opportunity .
Currently I personally have not shorted but will enter short after confirmation.of my setup .
Otherwise i will keep updating this trade one of my sharing platform listed in my signature .
If you have read this article then thanks a lot .Wishing you best luck for your trades .
Regards ,
Dipak Z.
By this way Elliot have offering you +800,+1400 and last wave up to +4000 pips .you need patience for this trade and you have to be cautious also .and well proper monitoring also .
Entry Entry for short is below 139 for all this trade after breakout confirmation .
Exit during all you need to add monitoring your trade .and according to my experience this trade have +90% of success .
So swing traders would not miss this opportunity .
Currently I personally have not shorted but will enter short after confirmation.of my setup .
Otherwise i will keep updating this trade one of my sharing platform listed in my signature .
If you have read this article then thanks a lot .Wishing you best luck for your trades .
Regards ,
Dipak Z.
Note
Soon to take short in this sell stop is still didn't get a hit ,entry I will be looking near 141.50 for shortTrade active
Trade activated successfully sell stop hit, risk is minimum 142.50 Take profit 1st 137Trade active
Stop loss moved at B.E /entry short 141.60 now it is trading at 141.20Trade active
profit locked and stop loss moved 141.20 Locked +80Trade active
stop moved at 140.99 pairs is at 140.70 +100 pips lockedNote
10% closed gaining 90 pips on shortTrade closed: stop reached
remaining positions closed gaining 100 pips on gjNote
Long term target still remaining this chart will remain active lolzTrade active
Opened GJ short again At 141.03 with 20 pips stop lossTrade active
Try to target 140.10Trade closed: stop reached
-20 stop reach on spike news effectTrade active
shorted again 141.30Trade active
Stop loss at entryTrade closed manually
Gaining 120 pips i closed this trade CongratsNote
Need for trade trade to reopen as we have seen break out but have to wait for monday or tuesday market .Trade active
this scene is still active .
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.
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.