marketdiverfx

gbpjpy monthly

Short
marketdiverfx Updated   
FX:GBPJPY   British Pound / Japanese Yen
Inside bar continuation move to the downside. Price would have to start heading down immediately sometime next week for me to stay in the trade. If the overall longer-term momentum is down, then it should take off. This is ignoring the daily chart action we had last week which showed a strong push up. Many people will wait for a strong signal on the Daily or 4H, it's a good idea too. The risk on this will be greatly reduced if traded as a monthly signal alone.
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You can extend the stop or target based on your plan and risk capacity.
Trade closed manually
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