tntsunrise
Long

GBPJPY Breakout + retest Trade

FX:GBPJPY   British Pound / Japanese Yen
GBPJPY             Breakout + retest Trade

GBPJPY             on Daily Chart is on very low location

Now 1h chart it has break the structure.

so wait for the pull back and enter
is a good idea.
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Hi, Jack. there's an engulfing bar 9.27 9pm, its not really large though. can we buy now ?
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I think it will print a bottom today.....but I don't think price will go to the moon as GBP sentiment has weakened a lot over the last week when BOE signalled the may drop interest rates again, if you look at GBPAUD you will see its going to print a lower right shoulder and probably retrace @ .786 fib....these 2 indicators tell me GBP is bearish medium/long term so conservative TP on this buying trade for me.....not as high as previous high...
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its doing bottom formation
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seems like the pullback will be deeper then anticipated, setup still valid jack ?
Reply
sooooo deeeeep...why he not using stop lose if he is accurate
+2 Reply
THX
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Jack, the Great
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Enjoying the ride, thanks Jack
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thanks Jack.
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I'm a complete noob at fundamentals, does anyone know what happened with the boj news this week? They kept the rates, is that good or bad for the yen?
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