PateSkpate

GBPJPY 4hr Breakouts

PateSkpate Updated   
FX:GBPJPY   British Pound / Japanese Yen
This is an UPDATE to the short I called out a couple weeks ago and still hasn't hit Target #1 yet. We have ran into the Major Trendline this morning, which is concerning to me. We are putting in the Alligator's Mouth or Megaphone type Pattern. These typically result in a Major Breakout once price gets outside of the range. Still holding onto my short per my trading plan.

Best of Luck if anyone is still short on this pair.
Comment:
Target #1 was hit for nearly 300 Pips.. Still holding for Target #2's.. Stops are at Breakeven at around the 186.000 level
Trade closed: target reached:
Target #2's hit for 480 Pips.. TRADE CLSOED

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