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Raymond_Jeffries

GBPJPY Long Trend Continuation

Long
British Pound / Japanese Yen (FOREXCOM:GBPJPY)  
Raymond_Jeffries Updated   
FOREXCOM:GBPJPY   British Pound / Japanese Yen
Multiple Time Frame Analysis Technical Indicators Double Top or Bottom GBPJPY gbpjpylong trend trendcontinuation trendcontinuationpattern
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mtfa indicator doubletoporbottom gbpjpy gbpjpylong trend trendcontinuation trendcontinuationpattern
Looking at this GBPJPY for a long trend continuation setup with a double bottom on the 15m time frame. Gives us an opportunity to place stops and get a great risk reward setup. This isn't a trade in my portfolio that has a high win percentage but you can see the risk reward makes it worth taking for myself. The risk/reward is currently sitting at 1/4.5 roughly. There was a big move last night but we broke structure looking left on Abe resigning so let see how this plays out. If we get stopped out we may have to reenter on another valid setup.

-Raymond Jeffries
Comment:
Out of this one for targets. Trade Closed.
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