GBPJPY looks like its consolidating for a breakdown but its holding up pretty well this year. No positions as of yet but if this pair is indeed going to breakdown in the near future then the best short entry points is right along the Daily 50MA/Triangle resistance if it reaches that level. Any feedbacks are appreciated!
Note
No trades so far but my preferred short entry will be on the 141.60-142 rangeNote
Don't breakdown on me yet GJ. I have yet to get my preferred entry levelTrade active
Daily support broken, took short position on a pullbackEntry: 139.151
SL: 139.335
TP: (tp1)138 (tp2)137 (tp3)136
Note
Daily view of the breakdownTrade closed: stop reached
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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.