GBPJPY 4hr Breakouts
Updated
This is an UPDATE to the short I called out a couple weeks ago and still hasn't hit Target #1 yet. We have ran into the Major Trendline this morning, which is concerning to me. We are putting in the Alligator's Mouth or Megaphone type Pattern. These typically result in a Major Breakout once price gets outside of the range. Still holding onto my short per my trading plan.
Best of Luck if anyone is still short on this pair.
Best of Luck if anyone is still short on this pair.
Note
Target #1 was hit for nearly 300 Pips.. Still holding for Target #2's.. Stops are at Breakeven at around the 186.000 levelTrade closed: target reached
Target #2's hit for 480 Pips.. TRADE CLSOED
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