GBPJPY : Long Setup

Hello traders,
We have these in the GBPJPY Parity:

- Cup and Handle Chart Pattern
- A price closing above the Weekly Resistance : 142.845
- The trend line is broken and it has pulled back on 1W Chart and still on Trendline :

-When we look at the Terminals, a position in favor of relatively GBP :

* Japanese Yen COT Positions and Price Change in Autonomous LSTM Period :

* GBP COT Positions and Price Change in Autonomous LSTM Adaptive Period :

As a result, we see a 30% increase in their positions, although the price of GBP increased in the same period.
Japanese Yen positions decreased by more than 13% over the same period.

- In this analysis, one negativity can be mentioned :

You can wait for a closing above the Minor trendline and open a position like that.

I'm sharing this idea with the position of half position both in order not to forget and not to ignore this factor.
If our analysis reaches the stop value, I will re-arm the top of the resistor for the long position with twice the position size.
Parameters:

• Position Size : %0.5
  

• Risk/Reward Ratio : 1/3.02 (3.02)
  

• Stop-Loss : 141.577
  

• Goal : 147.747
  

NOTE: If we fail, we will try again with 1% Position Size when conditions occur regardless of the direction difference.

Finally, if you think this analysis is useful to you,
press the LIKE button )
Regards.

Comment:

The drop in gold and USDJPY shows that we are in high volatile conditions.
Although we could not make sense of this decline, we were not injured because we took a very small position.
But such movements are not pleasant at all.
And under the influence of verbal explanations, we are swung from one side to the other.

Comment:

We hurried a little, we will try again after the resistance and minor trend line is exceeded.

Comment:

Hey! New oppurtunity will born , im watching carefully , conditions are same and if i can catch , it will be shared as a new idea,regards.

Trade closed: stop reached