GBPJPY, Short
Updated
Goood afternoon ladies & gents,
GJ has presented us with a bearish sell structure on the M15 chart after hunting past the weekly area of buy-side liquidity. Looking for a 1:13 RR trade down to the H4 Propulsion Block with further room for downside.
Disclaimer: This is just an opinion, not trading advice. Do your own research & trade at your own risk. Remember to manage your risk well by never exceeding 3% risk any given trade.
Best of luck. I'll post updates on here.
GJ has presented us with a bearish sell structure on the M15 chart after hunting past the weekly area of buy-side liquidity. Looking for a 1:13 RR trade down to the H4 Propulsion Block with further room for downside.
Disclaimer: This is just an opinion, not trading advice. Do your own research & trade at your own risk. Remember to manage your risk well by never exceeding 3% risk any given trade.
Best of luck. I'll post updates on here.
Note
Insane strength on the G pairs. Until EUR/GBP heads down to 0.85 and shows signs of reversal, I won't be looking to enter any G pairs. They're on a super bullish parabolic run right now. Times like this doesn't happen too often in the markets, but when they do, you just sit back and smile.
The bigger the run, the deeper the correction. Smart Money doesn't mean infinite money, they will need to rebalance their books at some point.
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