British Pound / Japanese Yen

Updated

My Idea to trade GBPJPY

I expect a rejection from the .88 fibo and then create a Wave 4 to complete the journey until .618 fibo; after that the pair could experience a good 5 wave

Trade active

Note

So far so good!, moving the SL to Break even

snapshot

Note

It seems like the wave 3 decide to close a little bit higher than I expected, so I update my chart to see the correctly wave 4. I will be waiting for validation on Wave 4 before take the trade to Wave 5. Trade with care

snapshot

Trade active

Now it's active, looking for the 5 wave. Good luck

Note

Moving SL to break even. It seems like now we are on the right direction.

snapshot

Trade closed: target reached

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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.

Also on:

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.