Get started
British Pound / Japanese Yen
Long
Updated

Quick scalp (10 pips) on GBPJPY- 23Feb2021

74
Please check the chart for the trade breakdown and do comment your views on it.
Note
Closed another 70% at 148.300 with Sl 148.038 (below previous 1hr candle).
Note
My next target will be 148.800 (next 4hr resistance) and if this current 4hr flips bullish I will scale in position for longs.
Note
I scaled in position once the new 4hr candle broke the wick high i.e. 148.371, with Sl below the previous 30min candle.
Note
The new position got stopped out (risked 0.5%). So overall I secured almost 20 pips.
Note
The new position which I scaled it was a mistake. Should not have done knowing the fact that it was monthly level.
fx_jax
Beyond Technical AnalysisChart PatternsGBPJPYgbpjpyanalysisgbpjpylonggbpjpyoutlookgbpjpypredictionTrend Analysis

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.
Beyond Technical AnalysisChart PatternsGBPJPYgbpjpyanalysisgbpjpylonggbpjpyoutlookgbpjpypredictionTrend Analysis
fx_jax

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.