GBP/JPY -- Institutional money is SHORT
This is a great scenario showing institutions manipulating the retail trader at the price of 148.9 -- price was pushed above previous highs in an uptrend signifying further upside to the novice trader. HOWEVER, our team took a high-level view of the market and noticed momentum to the upside was slowing and the charts were pointing to a downside move with extreme force.
We were ready to enter short when price started reversing at 146.2 with stops above the most recent highs.
Our risk to reward ratio is at 3x which is an industry-leading risk management ratio.
Target 1 -- 143.3
Target 2 -- 139.5
Target 3 -- 136.4
Multiple targets allow us to manage risk and take profits at every step of the trade.
We were ready to enter short when price started reversing at 146.2 with stops above the most recent highs.
Our risk to reward ratio is at 3x which is an industry-leading risk management ratio.
Target 1 -- 143.3
Target 2 -- 139.5
Target 3 -- 136.4
Multiple targets allow us to manage risk and take profits at every step of the trade.
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.