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200pips

EURUSD UPDATE! Big moves for next week!!Price is now siting on support trend-line, and if we see a closure below that lvl, next week we could see huge movement down! I would like to see price going down to about 1.1060 and then look for sell opportunities! On the other hand, if price manages to stay on this up-trend channel and breaks one more time the major down-trend, well.. then i would look for buys between 1.1130 and 1.1180! I've seen a lot of people saying long and short on this pair, so i guess everyone is just waiting for the breakout to happen! Because of that i believe the breakout will be agressive, so next week i'll keep my eyes on this one, lots of pips to catch! Whats your opinion?? Share it here in the comments or on Telegram! t.me/tradingbayfx
by rodriguesths
GBP/JPY Potential 200 pip short.looking at the 4H chart you can see a double top forming, price hasn't closed above the double top since 20th march. I personally don't see this as a valid setup and won't be taking the trade unless we see a strong close below 146.27. looking at the daily chart we could still push further up as Fridays candle has closed quite low so I am anticipating movement within the range box shown between 146.20 & 146.90 before closing below 146.27. I have set two profit targets as I feel price could find support around 144.80 however if we break this area I will be moving my stop loss to 145.70 and letting the trade run risk free. of course be sensible with risk management especially when trading GBP pairs at the moment as large spikes can easily take us out of trades. please feel free to like and comment as this is only my second post on Trading view and any feedback is much appreciated.
Short
by KYEJ4CKSON