Dragon_Investments

shark pattern + stochastic divergence

Long
FX:GBPJPY   British Pound / Japanese Yen
gbp has lost a lo today because of brexit rumors, gbpjpy in daily and h4 is not strong, because there is a descending triangle, so this is a risky trade, but last leg has reached 127 fibonacci and a shark pattern has been formed. Slow stochastic divergence in h1 and k% line has been cut. clear buy signals. remember risk under 2% of your capital because gbp pairs are risky now
buy at@ 143.213
take profit 143.864
stop loss 142.900
Trade closed: stop reached:
Because of jpy strength, stop loss was hit, second entry in the trade at 142.450....take profit 143.864 again
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.