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British Pound / Japanese Yen
Short

GBPJPY Short +250 pips

70
GBPJPY running nicely, coming into a big trendline where we could see another push to the upside or we could continue the pushdown. Regardless, in this situation, I will close 70% of my shorts, leave the rest as an anchor to take longs, or if we continue down, I will just hold and ride it! Key point is to have anchors all over the market, it gives you confidence in taking the next position. I never fully close a position!
AaronSLuce
Also on:
DivergenceFibonacciGBPJPYRelative Strength Index (RSI)supportSupport and ResistanceTrend 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.
DivergenceFibonacciGBPJPYRelative Strength Index (RSI)supportSupport and ResistanceTrend Analysis
AaronSLuce
Also on:

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.