GBPJPY - Fakeout of Inside Bar? for FX:GBPJPY by -Andrew-

GBPJPY - Fakeout of Inside Bar?

I have an open position @ 134.968 - This pair has currently broke a major support. Will confirm at the close whether to do a sell setup or consider it as a fakeout move and take profits.

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Wait and see for now....

I wouldnt be buying nor would be selling for the moment. Watch the presidential debate between Trump and Clinton. If Trump is more likely to win, we could see a rally in Yen.

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Second entry @ 130.853

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Clear rejection at key level

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Took off 1/2 of 2nd Entry 82 pips and moved SL to 130.853

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2nd position stopped out at b/e - Booked half profits - Trade still active on 1st position

Trade closed manually

Closed this long term trade -

With a total of 430+ pips (1st and second entry)

Trade active

Shorted this pair on a lower TF @ 132.067 (2 positions)

Took one off for 100 pips

SL placed on b/e

So long this is below 132.240 - I will be shorting it again.

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Retest of broken structure and @ 0.618 Fib

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Position @ +110 pips

130.350 is a strong support

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Shorted again 131.221

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GBPJPY - An Idea where to Long using Fibs

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Took profit from 131.221 entry for 98 pips

Another position remaining at 132.067

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SL trailed to 131.350

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Trade closed manually @ 130.812

Entry 1 @ 132.067 (125 pips)
Entry 2 @ 132.067 (100 pips)
Entry 3 @ 131.221 (98 pips)

-Andrew-

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-Andrew-