Short GBPJPY
Updated
Looking to short GBPJPY.
GJ is currently trading a VERY strong uptrend, when it moves like this counter trading must be smaller take profits.
Considering this, I am still looking to short based on what the chart shows us.
Confluences:
Previous weekly high/weekly intra key level
Alignment to AUDJPY
Entry price: 200.420
Stop: 200.900
Target: 199.80
With alignment across JPY pairs, this gives a level deeper than just technical.
Catch you later traders ▲
GJ is currently trading a VERY strong uptrend, when it moves like this counter trading must be smaller take profits.
Considering this, I am still looking to short based on what the chart shows us.
Confluences:
Previous weekly high/weekly intra key level
Alignment to AUDJPY
Entry price: 200.420
Stop: 200.900
Target: 199.80
With alignment across JPY pairs, this gives a level deeper than just technical.
Catch you later traders ▲
Trade active
Trade LiveTrade closed manually
Out this trade as I am not liking the lower timeframe structure, I am thinking it will retrace deeper before making it's pullbackTrade active
Trade re-opened, pre NY session. Overnight we re-traced deeper but did not break the high. This for me confirmed a pullback is still possible. Now running +25.Note
A break of the London low this session should give confirmation for a pullback, targeting the H4 50EMA as target 1Trade closed: target reached
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