GBPJPY LONG SWING for FX:GBPJPY by hyryda

GBPJPY LONG SWING

Hi everyone,

I see a good long opportunity with a good amount of pips available to be taken.

Please see my past related links for past trade analysis. (from most recent to oldest - this includes overview analysis on the higher time frame)

I believe we have just finished a pullback with bulls entering the market again for a continuation/resumption of the trend.

Potential Movement:
25 pips minimum - 160 pips range. I'm leaning more towards a 160 pip target. But a good price target is 145.40

Longer Term, I can see price POTENTIALLY touching 200 - 400 pips from here.

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Please LIKE and FOLLOW :D <3 Much appreciated

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The probability for this to reverse is low, however it's always a possibility. I believe this will continue going up.

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Looking for a correction on the 5 minute, most likely an ABC.

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Possible

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Strong Hourly Candle. High probability of higher prices.

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4 Hourly ** ^^

Here's the 1 hour which closed strongly also.

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Still in a channel. Hold positions. Here's a good spot for a stop loss but please ensure you're following tight risk controls as this is a relatively wide stop.

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Look at the 4 hour. The potential for higher moves is still there. We may see it during the Tokyo/Sydney Sessions.

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ABC corrective at the moment. Looking for impulsive, upward movements for follow through and breakout to a higher high.

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Read regarding stop loss movement.

hyryda

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hyryda