FXLifestyle

Big drop in the works!! Already 40+ PIPS

Short
FOREXCOM:GBPJPY   British Pound / Japanese Yen
Our analysis from last week has us watching this pair closely along with others. We saw a break of a long Daily Uptrend Trend line, break of 200 EMA and retesting both while forming a 2x Top at 61.8 FIB with bearish divergence on the 4 Hour chart confirming our entry. We are currently up 40+PIPS on this trade and holding it over the weekend. We are pretty confident that it will drop next week to where we expect it to but it may retrace to around our entry before doing so. We will watch for re-entries when price breaks the neckline.

Over 240PIPS made in our group this week off of 4 Trades!

We will be releasing our Advanced 0.00% Technical Analysis and Day Trading Strategy course soon, in the meantime...

...if your interested in deciphering our analysis and staying updated on entries join our newly made telegram group so we can grow together!

t.me/joinchat/IuIDk0CJ2d41VlpMxgCdzg

Follow us on Instagram and Facebook

#FXL_Style

FXLifestyle - Trade Your Future

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.