after my last GBPJPY trade (stopped out) im now looking at a new opportunity to long this pair.
this pair broke out to topside, thru previous resistance - now support - and am looking for a pull back to/around that same resistance/support level to go long.
entry, stop and target levels are based on a mix of structure/support/Fibs/measured moves and trendlines, and the colour coded text corresponds with the colours of the lines. Good pips to be made here, but not in big position, as the stop is quite generous as well.
let me know what you think? are we going to see a test of the previous level, or will 'the Beast' simply continue the break-out and go for another leg-up (see flag pattern and accumulation forming on lower time frames that may support this)
cheers and good luck!
this pair broke out to topside, thru previous resistance - now support - and am looking for a pull back to/around that same resistance/support level to go long.
entry, stop and target levels are based on a mix of structure/support/Fibs/measured moves and trendlines, and the colour coded text corresponds with the colours of the lines. Good pips to be made here, but not in big position, as the stop is quite generous as well.
let me know what you think? are we going to see a test of the previous level, or will 'the Beast' simply continue the break-out and go for another leg-up (see flag pattern and accumulation forming on lower time frames that may support this)
cheers and good luck!
Note
this has now entered the area of interest.Note
resistance is holding with pinbar on lower timeframescan place orders for open on monday
Trade active
Note
going strong.... retesting the highs nowif this breaks and closes above im taking partial profit and pulling my stops into profit for the remainder
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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.