GBP/JPY Short position
Updated
The GBP JPY is experiencing a breakdown.
What is certain is that this currency pair has room up to 149 to fall.
As we see the last candle quickly nullified all the others in a negative sense, which we can conclude that the need for the yen is growing.
My idea is that this pair will test and try to reach 149, which in this period can cause additional stress on the market and bring this pair below 149. Maybe up to 145.
Keep in mind that this currency pair has a large volume of movement, so we must take into account the SL point.
1-3% of capital should always be risked. Any higher risk of 3 percent can seriously damage your account.
What is certain is that this currency pair has room up to 149 to fall.
As we see the last candle quickly nullified all the others in a negative sense, which we can conclude that the need for the yen is growing.
My idea is that this pair will test and try to reach 149, which in this period can cause additional stress on the market and bring this pair below 149. Maybe up to 145.
Keep in mind that this currency pair has a large volume of movement, so we must take into account the SL point.
1-3% of capital should always be risked. Any higher risk of 3 percent can seriously damage your account.
Note
I close all positions.
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.