GBPJPY - 22:1 Win vs Risk Trade - 1500 pips

Hello all

I am looking for GBPJPY to retrace to support having broken through resistance on Friday

The weekly chart has printed a great dogi bullish bar between the 61.8 and 78.6% retrace of the current move.

On the weekly and the monthly charts are great pin bars printed December and January respectively.

I am bullish GBP (And EUR and AUD) and do expect this to go higher

Not as smoothly as lets say GBPUSD, however I expect it to go higher and ultimately make 22 to 1 on these trades.

I will be looking to enter at each relevant level as it heads higher

Compounded this could be a trade that brings in 1500 pips for these entries and then proportionate multiples as it heads higher.

Thanks for looking

DuncanForex opening imminently

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Thanks

Duncan

Trade active:

Trade has triggered

Trade active:

Just taken a 3rd and 4th entry at 136.34 on the retrace. with a tight stop.

Trade active:

Trades live - all stops moved up to 136.25 area to reduce risk

Trade active:

Hello all - more positions taken now - retracement to 61.8% area of previous leg higher - entered at 136.42 - if JPY weakens - i expect fibonacci extension move up to 138.xx

Lets see how these go