The GBP/JPY pair has become significantly overextended, and on the daily timeframe, it has broken below the trendline. This development presents a promising opportunity to initiate a sell position. TP and SL are marked. Always follow risk management.
Once trade reaches 70 to 80 pips in profit. Move SL to breakeven
Once trade reaches 70 to 80 pips in profit. Move SL to breakeven
Trade active
40+ pips in profitTrade active
60+ pips in profittttTrade active
110+ pips profit touched. SL is set to BE
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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.