The potential risk to reward on this trade is to good to not post. Props to FunTraderVera for catching my eye. Check out her page for more detail, but this could be a potential killer trade.
I am in from 147.76 targeting quite low.
-Sherem
I am in from 147.76 targeting quite low.
-Sherem
Comment:
Great volatility on this pair, moving down nicely. Been in and out a few times already.
Comment:
Great initial move down, I booked profit and re entered with a laddered strat with this last move up. Still looking for a downside move at this point.
Comment:
this gbp/jpy broke the up trendline, but not with much conviction, it mainly did it because of the volatility in eur/gbp, and not necessarily jpy weakness. We are getting some divergence on the RSI and I like this double top and risk to reward. But be mindful that we need to break this down trend line for a further move to the downside.
Comment:
looking good right now. I am not resetting any positions at this point
Trade closed: target reached:
First target reached. trailing stop placed. looking to sell again if it spikes to 146