Gjlong
My Trading Plan on GBP/JPY #LongMy Trading Plan on GBP/JPY #Long
I'll Long G/J around 152.700 - 152.640 , with Stop Loss around 152.400 . I'll exit the trade around 153.200 - 153.300.
The Risk/Return ratio is 1:2.7. Just sharing my Future Trading Plan for education purpose only. This is certainly Not a Buy/Sell Call. Criticism is welcome.
Note: Do your own analysis before taking the trade.
GBPJPY LONG IDEAGBPJPY has been forming lower lows. Despite that, it has failed to break that support level along the shaded rectangular zone. This pair might be preparing for an upward move. I'm expecting bullish momentum (a breakout) above that drawn trendline.
Happy trading.
GJ buy call GJ buy call Entrys- 151.740 & 151.593 stop loss at - 151.285 target price - 154.801
This call is based off divergence off the 1hr and break and retest from the one hour tf as well were just waiting for the retracement to happen if it does then it will be an active trade lets see so far so good off price action. @IJackPips
GBP/JPY Analysis (August 1st, 2021)Analysis was done off the daily timeframe. Overall we understand that GJ is in an uptrend. It may take some time to get to our entry box, so be patient. A lot of experience was put into this potential setup. Also, we must understand that anything can happen, however if we were to take a trade this is where it would be. Discipline. Unaffected by the result.