GBPJPY (Short)
Updated
Hi traders, as we can see right now on GBPJPY, price rise back up from previous support line 150.8 till recent high 153.4. I have published my previous analysis on GBPJPY. I will linked it at below. However things might change from here, on the chart we can see there is strong trendline holding price towards down from 155 till now. I believe this trendline still working and price will respect it, if we have a close look at it , there is a head and shoulder on current situation at this important zone. My analysis at this time will be shorting the price till 151.2 level. Please drop a like on below and comment what u think abt my analysis. As usual if price hitted our sell limit and price move towards to our favor we will decide set breakeven at our entry for protect our capital. Plan the trade , Trade the plan. Goodluck traders!!
Trade active
Note
Update price start moving towards us. Running 40 pips ,set breakeven at entry to protect our trade.Trade closed: target reached
traders u may take your profit at here 152.5 since its running 60 pips from here. Or u may take more thn 70% profit at now. We will focus on tmr again.Trade closed: target reached
We may take full profit at this level 151.9. As i saw on h4 timeframe price starting reject to the downside. Overall its still a good idea with 2.3 RR.
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.