Long

GBPJPY - Long

Updated

We are never shown the real picture until its too late... If you ask me right now, ill never go short even if it seems like we are at a major resistance if you see it through technical analysis... Too many bears are at this small range (highlighted in purple), and so I believe they will be wrecked. Stop loss is tricky here, im just guessing...

GBPJPY [LONG]
Entry @ 139.747
SL @ 139.156
TP @ 140.217
TP 2 @ 141.300

Trade active

Now 16% of all net bears are bearish

Note

This is what sellers see...

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After very strong green candle, many sellers hit stop loss, taking the sellers in this area from 16% to 10.42%

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If you are long you could have already taken profits, or if you want the whole bag this might be my guess of what will happen next

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How ill personally play it... From now on,

Move stop to BE
TP 1 @ 140.05 (50% of profit here)
TP 2 @ stays the same

Money made!

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Safer approach for those who want earlier profit

Trade closed: target reached

Good night (50% profit)

TP 2 still open, BE set

Note

Trade closed: target reached

EmilianoMesa

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