GBPJPY - Opportunity to SELL - 350 pips Short

British Pound/Japanese YenFXCM

Description

⋅ Apr 15, 2020 6:26 PM

GBPJPY broke a trendline and came back to retest and give us a selling opportunity. Stop loss will be placed on 135.400 and Take Profit on 131.290, around the first Fibonacci Retracement of this wave.

I'll be updating as the trade develops.

Comment

⋅ Apr 16, 2020 12:58 PM

Put stops below entry point.

Comment

⋅ Apr 16, 2020 3:09 PM

Closed half of the position. The rest will be running with stops below entry point.

Comments

transparent-fx

⋅ Apr 17, 2020 12:34 PM

from a MTA perspective this is what I marked on this pair

joelwenger1

⋅ Apr 15, 2020 6:49 PM

this thing dont respect nothing its either straight up or straight down this was a last ditch attempt to avert the 4 hour golden cross

Thomas_Juchem

⋅ Apr 15, 2020 7:15 PM

@joelwenger1, Yeah GBPJPY is a tought pair, lots of volatility. But let's see if we can get this 350 pips