Hello all DuncanForex here with another trade idea.
GBPJPY has been cycling higher on the 4 hour chart and following a bounce at the 61.8% retracement
Following my related post and long term view.
Dropping down to the 4 hour chart, I am expecting it to extended out to the 161.8 extension following this current retracement.
Depending on Price action today - I may hold into the weekend, or look to re-enter on Monday morning.
This trade idea is related to the 22:1 idea I have for this pair and these will be additional entries to compound the amount of pips I can gain from this trade.
i.e. 1 trade is 1500 pips, 2 trades will be 3000 pips from the same move and so on
Thanks for looking at my trade idea DuncanForex.com coming soon