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.
To lean Jack's Full Trading System:
Weechat ID: 32114564
Hi, Jack. there's an engulfing bar 9.27 9pm, its not really large though. can we buy now ?
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...
its doing bottom formation
seems like the pullback will be deeper then anticipated, setup still valid jack ?
sooooo deeeeep...why he not using stop lose if he is accurate
+2 Reply
Jack, the Great
Enjoying the ride, thanks Jack
thanks Jack.
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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