GBPJPY looks like it may form a small bearish Doji to close the week this week right at the resistance created by previous structure since Brexit.
If the Doji does form, I'll likely look to enter short at the beginning of the next week, targeting the support shown by the purple box and depending on price action in that area I may target the lower support area indicated by the blue box on my chart.
If the Doji does form, I'll likely look to enter short at the beginning of the next week, targeting the support shown by the purple box and depending on price action in that area I may target the lower support area indicated by the blue box on my chart.
Note
SL moved to 143.129Note
If it closes this week forming a weekly bullish doji, I will close the position.Note
If it closes this week forming a weekly bullish doji, I will close the position.Trade closed manually
Closed trade for profit of 444.2 pips
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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.