FX:GBPJPY British Pound/Japanese Yen
I am on the pound yen from above 126.50 and am recognizing the first take profit area just below 137. If you are not on this trade, look for a pullback on the one hour chart and wait. Definitely take some profit off at 136.97... it actually may bounce there and give you the pullback to proceed on with it. Keep reviewing it on the one and the two hour. I am thinking about trying to add at the 618 pullback on Tuesday before continuing. Regardless, I will be removing two of them at 136.90 before adding below that and continuing higher. Will keep you posted.
Trade closed: target reached: This is off now and waiting for the pullback, guys. Really really nice 800 pips for us this month on the pair. Very excited about this. Will update when I get back into it.
Trade active: Let the pullbacks for this begin.. will let you know when I am on this
Trade closed: target reached: I'm going to go ahead and pull the latest entry off. 14490 is the target and I would advise pulling the whole thing after you hit that level. This can go higher, but I feel as though bigger pullbacks will be in store from 137 at that time. Happy trading, guys and thanks to those of you who trade with me. XO