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ChinaHelloWorld

take profit for long trade and possible short retraction

Short
British Pound / Japanese Yen (FX:GBPJPY)  
ChinaHelloWorld Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis
9
1
trendanalysis chartpattern waveanalysis
The stoch is in over bought level and turned.

The short term up trend line has been crossed and the price has no much moving at this moment.

it is pending too long without moving further North.

The price would retract to South in short term.

So, maybe take profit for the opened long trades and wait entry again after price completed the retraction.

Or short with higher risk now.
Comment:
The price turned to North now and the power quite strong, It over the original open price 30 points, close the order with small loss.
Comment:
Re-short GBPJPY again on 134.95
Comment:
Since other JPY pairs are going South also.
Comment:
Close the short order again with loss. Open long order.
Comment:
It is wondering now. Close long orders.
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