GBP/JPY SHORT
Updated
Okay the chart tells its own story here , With article 50 being given the green light to be triggered by end of march, its now putting pressure on the GBP again and the bears revelling in the antics .
Very important factors this week we have GBP data out tomorrow AV/earnings, Thursday BOE meet again and the BOJ met aswell, all eyes will be on the language .
Short GBP@ safer confluence zone between 1.3970-1.400
Stop @ 1.4060 just above the last highs.
TP @ 1.3820 by the 0.382 fib line
Happy trading people ,
Stay tuned and feel free to comment and give us the thumbs up !!!
Very important factors this week we have GBP data out tomorrow AV/earnings, Thursday BOE meet again and the BOJ met aswell, all eyes will be on the language .
Short GBP@ safer confluence zone between 1.3970-1.400
Stop @ 1.4060 just above the last highs.
TP @ 1.3820 by the 0.382 fib line
Happy trading people ,
Stay tuned and feel free to comment and give us the thumbs up !!!
Trade active
Okay the trade was triggered off the back of GBP data this morning @ 1.4020, it missed its target so GBP bears coming out to play , keep your stop loss above the high of the Asian session @ 1.4080 As this will be important going into tomorrow okay
Happy trading and stay tuned !!!!
Trade active
Okay so GBP data missed on average earnings , but unemployment down to a surprisingly low level , this may support the sterling short term however overall view is bearish , We will keep you posted as the trade plays out .
Trade active
Right the BOE meet in about an hour no surprises expected , however put a stop loss in place to lock in some profit now should we see a spike due to surprise language , we entered the trade @ 1.1420And we are somewhat 100 pips in profit , right now the sterling is getting pounded ( excuse the pun ) but the buyers are there on the dips, so we are seeing some support at more attractive levels.
We are still bearish sentiment short term on this , as BOJ didn't reveal anything to surprising earlier and we expect this to eventually trickle slower to our target .
Stop loss set @ 1.1350, however you put yours at what you feel comfortable with or if your new to trading by all means close out for a nice profit again from us .
Stay tuned and happy trading !!!!!
Note
That's 1.3950 stop loss , sorry that was a typing error ;) !!!Trade closed: stop reached
Okay we are out for 70 pips profit and this is why we stipulate the parameters so you don't get caught out , BOE surprisingly hawkish and the markets responding hope u made some pips .....
Next trading idea coming up !!!!
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