SWING GBPJPY Setup
Updated
Possible Swing scenario, trade is only valid after breakout as shown.
Fib retracement will provide additional confirmation after 68%
Make sure to keep in mind that this is a setup only, not a signal
Fib retracement will provide additional confirmation after 68%
Make sure to keep in mind that this is a setup only, not a signal
Comment
Update#1: For scalpers you can close at 20+ pips profit.Comment
Update#2: Personally, I tend to catch 15 to 20 pips daily as a scalper. For Swing traders you can at least move SL to Breakeven to make it risk free trade.
Trade status: Closed (For Scalpers and me).
20+ profit.
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Comment
Update#3: currently the trade is running at around 78 pips profit. Swing traders can trail the SL following the structure to the left
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