GBPJPY Analysis
GBPJPY is in corrective pattern and i anticipate one more down movement before the up movement start. Even if it breakout of the trendline, the up movement will not be confirmed before a correction.
I know that my invalidation level is pretty high compared to R:R, i will wait for this pair to correct much higher so i have a R:R which will be good (in my trading plan at least 1:2). If i do not get R:R even if it breakout lower i will stay away.
Thank you for your support
I know that my invalidation level is pretty high compared to R:R, i will wait for this pair to correct much higher so i have a R:R which will be good (in my trading plan at least 1:2). If i do not get R:R even if it breakout lower i will stay away.
Thank you for your support
Note
Trade never happened
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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.