FX_IDC:GBPJPY   British Pound / Japanese Yen
186 12 8
EDIT : NO MORE UPDATES DUE TO INSUFFICIENT LIKES.
FLAG PATTERN H1.
@ 78.6%.
GOOD SELL FOR GOOD RR.
STOP ABOVE 100%, DAILY INDECISION BAR.
FINAL UPDATE : THIS IS AN INTERESTING PAIR BUT I THINK IT HAS FINALLY BROKEN OUT OF THE RANGE. SHORTED @ 195.67 LAST NIGHT. H1 ALSO FORMED BULL TRAP. SO EXPECT A LOT OF STOP LOSSES TO BE TRIGGERED IF PRICE WERE TO MOVE DOWN FURTHER.
(NOT GONNA EXPLAIN HERE OR SHOW ILLUSTRATION.)
BATTLE WAS INTENSE IF YOU WERE TO OBSERVE THE SECOND BY SECOND PRICE ACTION. BUT BEARS HAVE WON WITHOUT A DOUBT.
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fierce battle along this resistance
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UPDATE: FOR THOSE INTERESTED.
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SHORTED ONCE AGAIN. @ MARKET.
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PriceActionTrading PriceActionTrading
closed my position (full) last night @ 194.6. probably wont be trading this until a clear trend is presented. This pair has been the MOST volatile pair these 2 weeks, most heavily traded causing a range. Without a doubt.
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UPDATE 3 : TOOK ALL @ 194.6. THING IS GOING NOWHERE AND I DO NOT LIKE TO HOLD TRADES OVER WEEKEND.
CURRENTLY ONLY OPEN TRADES EURAUD EURUSD GBPCAD ALL SHORTS.
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UPDATE 2 : EXITED HALF @194.8. TRADE @ BE. TAKING FULL @ 194.55.
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UPDATE: POSITION @ BREAKEVEN 195.45. TOO VOLATILE. TARGET REMAIN 194.50. IF STOPPED OUT. MAY LOOK TO ENTER.
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Andyle PriceActionTrading
Nice plan.
+1 Reply
Good call :)
+1 Reply
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