anilmangal
Short

GBPJPY a nice short term sell for the asian session

FX:GBPJPY   British Pound/Japanese Yen
4714 24 141
The GBPJPY             is in a daily down trend , it is now making a corrective move up, this looks like a pullback of the up move so a short term sell to the 50 fib seems like a good idea. Expecting one more up move within the down trend.

Trade with care and remember trading is not a quantitative business it's a qualitative business, simply put if you add 50 bad ideas together you don't get one good idea. All you need is good understanding of structure (wave analysis) and one great setup!

Thanks for your support.
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Thanks Anil. Looks great.
+1 Reply
nice one!
+1 Reply
likely end the short at the 50% retracement?
+1 Reply
ivansem95 puretradelife
it's a target,lol)
+1 Reply
the same comment as Anil made on the 50% retracement, though
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and before get a litter short, it is possible to go up until 157.000
+1 Reply
maybe the short could end at the 61.8%, though
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it would be fantastic to catch the next move up :)
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anilmangal PRO puretradelife
I hope you guys in the asian session get's it if it turns
+1 Reply
at least seven hours before it turn up, though
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Thanks Anil .
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I am up early and your heads up is well on the way Thanks Anil. Nice 100pips before breakfast
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Great as always
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can bunce
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Looks promising. Thanks Anil.
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N it, nice:)
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Comment removed
cipsor Irawan
How about active managing your trade? You had the chance to move your SL to break even or even walk with a small profit.
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Irawan cipsor
i think the setup is not complete yet, then i thought that was breakout... bump jumpe d into fake brokeout @_@
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lost usdjpy 300, gbpjpy 200 pips haiz @_@
+2 Reply
now it just to come down.. to late @_@
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Anil What are your thoughts on GBPJPY? It broke the trendline..
snapshot
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it could be an expanding flat so see is too early unless it makes a lower degree correction or unless you are trading on lower time frame
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Sidd anilmangal
Thanks for the insight Anil. Appreciate your knowledge and your work :)
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50% retracement complete, could you possibly share your analysis on the up move please?
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