jemi_alajmi
Short

GBPJPY TRADE OF THE YEAR

FX:GBPJPY   British Pound / Japanese Yen
289 8 2
SELL FROM 162.65 TO 163.00

SL 163.30 OR 163.50

TP EVERY 100 PIPS UNTIL 150.00 OR 148.00

1300 PIPS : 100 PIPS

OR 1500 PIPS : 100 PIPS
cup and handle pattern. 82% of retail is short. We are going a lot higher. Good Luck
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Thanks a lot Luxuriant, it is the first time for me to know about this pattern . I read about it and understand that it is a bullish continuation signal , right ? but we may now see first some drop...
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Luxuriant nawras.elghorani
the cup and handle gives a target of 176.50. I expect a pull back at the .382 fib which sets at 168.116. It wont brake that on the 1st touch
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Luxuriant Luxuriant
Good luck
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keep in mind that you are fighting the BOJ with this trade which i do not think is a gud ideea
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Agree overall with the poster when the GBP/JPY break south? It will break! However, the Bulls have full reign right now and have been since roughly, August? Ill probably get in the selling mood when price hits 161 then follow your TP strategy. Also maybe I'm being way too conservative in my thinking but the 152-154 ranges seem to be a more realistic settling point I'll probably exit and reevaluate at that point. But eh, I'm simply a novice. What do I know? Either way? Good call. Just have to wait this one out a bit.
Reply
Agree overall with the poster when the GBP/JPY break south? It will break! However, the Bulls have full reign right now and have been since roughly, August? Ill probably get in the selling mood when price hits 161 then follow your TP strategy. Also maybe I'm being way too conservative in my thinking but the 152-154 ranges seem to be a more realistic settling point I'll probably exit and reevaluate at that point. But eh, I'm simply a novice. What do I know? Either way? Good call. Just have to wait this one out a bit.
Reply
I'll wait to break 160 and go short
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