GBPJPY - It's short time!
Updated
I have a reasonable mid-term trade here i thought I would publish it. This is my first time publishing a trade so any helpful tips would be greatly appreciated :)
SO divergence on the daily is dipping again and the pattern seems to be quite self explanatory. The 4hr chart seems to have a nice flag signal for downside here.
I think a target of 143.00 is very reasonable and the chances look to be quite on our side. I would possibly take some profit at the 144.00/145.00 areas to mitigate risk.
Long term im looking at further downside.
Disclosure: Please trade at your own risk - if you are not well equipped to make a educated decision on a trade please visit babypips.com read Elliot Wave Theory to learn more about this investment vehicle.
SO divergence on the daily is dipping again and the pattern seems to be quite self explanatory. The 4hr chart seems to have a nice flag signal for downside here.
I think a target of 143.00 is very reasonable and the chances look to be quite on our side. I would possibly take some profit at the 144.00/145.00 areas to mitigate risk.
Long term im looking at further downside.
Disclosure: Please trade at your own risk - if you are not well equipped to make a educated decision on a trade please visit babypips.com read Elliot Wave Theory to learn more about this investment vehicle.
Note
Possible buys forming.Cheers,
Hayden
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