GBPJPY risk of reversal Long

British Pound/Japanese YenFXCM

Description

⋅ Dec 8, 2020 7:51 AM

GBPJPY needs to break key resistance for a significant move higher.
Retesting the monthly high 140.61 seems unlikely unless GBPJPY can gather some strength at the breakout level.

Trade closed: target reached

⋅ Dec 11, 2020 1:59 AM

Profit Target Reched

Comments

jumptraderexh

⋅ Dec 9, 2020 4:00 PM

clean chart

LeedsWave

⋅ Dec 8, 2020 1:28 PM

Great set up, you make it look so easy

BTCHeist

⋅ Dec 8, 2020 1:24 PM

Please can you explain how you analyse charts before placing a trade

CeoCodes

⋅ Dec 8, 2020 4:38 PM

@BTCHeist, I let the indicaotrs do the work. I just wait until I can see clear levels to trade against before pulling the trigger.

MaskedTraderC19

⋅ Dec 8, 2020 1:11 PM

Thank you very much for your time and effort. Cheers!

crudetrader555

⋅ Dec 8, 2020 1:06 PM

as usual , a very informative breakdown. thanks for the transparency Ceo.

CeoCodes

⋅ Dec 8, 2020 4:38 PM

@crudetrader555, cheers

pinelover

⋅ Dec 8, 2020 8:11 AM

Ceo, Gold boom as your analysis. That's great. Now do you think it has finished or still in weekly retracement from uptrend? Hope to see your next tech analysis on Gold.

CeoCodes

⋅ Dec 8, 2020 4:39 PM

@pinelover, looks like an inside day

GlobalTradingPartners

⋅ Dec 8, 2020 8:07 AM

First