gj getting ready for big buy!

FX:GBPJPY   British Pound/Japanese Yen
103 1 2
gbpjoy is getting ready to buy once again. i am expecting it to retest around the previous breakout levels that comes right into the 61.8 giving us a nice supply zone . i would like to keep sl tight for this setup to avoid major drawdowns but you can modify yours. gbpjpy             is very volatile but is also my favorite pair. if i get stopped out i will look for another possible setup. we should look for the buy to come in this week so check your economic news calenders ;) a conservative approach to this trade can actually be better. this is an agressive setup but if you set an alert at the 61.8 level and look at price action to hint entries then it would be a lot safer. i will leave this setup here for viewing purposes but i would look more into a conservative approach. pay atention to 155.500-155.000 area and lets see how price action reacts
price action broke out without that 61.8
mustve been the other swing low
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out