GBPJPY is currently in an overall long trend, but remains highly volatile.
My Point of Interest (POI) is 192.964, based on the following:
1. It aligns with a daily short-term POI as of today.
2. It represents the 80% retracement level of the weekly range, which falls within the daily POI zone.
Given this, I’ll be looking to enter a short term sell position around 192.964, with my stop loss set just above the daily high and my first take profit (TP) target around the 191.500 level.
My Point of Interest (POI) is 192.964, based on the following:
1. It aligns with a daily short-term POI as of today.
2. It represents the 80% retracement level of the weekly range, which falls within the daily POI zone.
Given this, I’ll be looking to enter a short term sell position around 192.964, with my stop loss set just above the daily high and my first take profit (TP) target around the 191.500 level.
Trade active
Currently in the zone My first tp 192.670 is hit
Waiting on second tp 191.800 then three 191.300
Trade closed: target reached
Current price is 192.233 — that’s over 100 pips in profit. This would be a smart point to partially close the trade and secure some gains.
Move your stop-loss into profit and let the rest run towards your second target at 191.800
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.
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.