GBPJPY has broken up from the small downtrend channel that I shared in my previous idea. We managed to capture profits before it broke upwards with 0 pullbacks in sight, breaking past 2 FVGs before finally showing signs of rejection at the upper resistance. Hence, we may observe some pullbacks in between these levels.
The overall trend is still upwards, so we should exercise caution since we would be trading against the trend. TP1 and TP2 is as followed.
Please do not risk more than 1% per trade。
If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!
The overall trend is still upwards, so we should exercise caution since we would be trading against the trend. TP1 and TP2 is as followed.
Please do not risk more than 1% per trade。
If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!
Trade active
TP1 reached in just 2 hours of posting the idea! Congrats traders!Trade closed: target reached
TP2 hit! Congrats Traders!
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Related publications
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.