Gbpjpydaily
#DailyPlan - GBPJPY Short IdeaHi there, I'll try to explain you guys about my GBPJPY idea
Based on H4 and SMA30, GJ is on downtrend
My short plan is
Sell limit area : 130.60 - 130.35
stop loss : 131.40
take profit : 129.32
This is my trading journal, and not a signal
but if you guys are interested about my idea, feel free to follow it.
#StaySafe
GBPJPY Short trade opportunity! On screen analysis...Hi traders,
GBPJPY is a pair that I got on my watchlist and saw a great opportunity coming next week. I just wanted to share my trade idea with you guys.
As you can see on the daily chart, the market was in Consolidation. The Range of the Consolidation was broken on May 6th and on Friday we saw that the Neckline changed from Support to Resistance.
On the 4 hour chart you can see a Counter trend where I drew a purple trend line. A break of the trend line will give us a nice opportunity to go short on this pair.
The first target is based on a Fibonacci Retracement level of 0.618
The Second target point is the last Lower Low seen on the Daily chart
The Third target point is based on the Fibonacci Trend Extension level of 0.786
Be patient and always trade with care!
GBPJPY buy with 50 pips slEnter in GBPJPY buy as expected fundamentally to go bullish and on testing the resistance it may come down, the second possibility which we are looking at although probability is low, if it crosses the below plotted zone then we are looking at a definite sell
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