jhakas
Long

GBP/JPY Buy Setup

FX:GBPJPY   British Pound/Japanese Yen
161 7 5
Buy @ Market 170.275

SL. 169.3

TP. 170.9

171.3

171.8
Comment: GBP/JPY Update.

It broke below 170 level but kept support of 169.4 and bounced up above our stop loss. So as far as 169.4.. A rise above 171 is valid.
Comment: stopped out.. 97 pips loss
Not too close to stoploss on the eve of nfp?
Reply
jhakas dizel100
deal is open since from asian session.. and gbpjpy test several times support of 169.45.. but it remain supported.. so my sl. is just below support 169.3 and so far safe and sound :)

It has created 4hr pin bar and double bottom on 30 min time frame.. its positive for bulls but friday and nfp always bring surprises.. lets see..
Reply
jhakas dizel100
check this.. deal of gbpchf also tested little above my stop loss.. just 6 pips above.. but i increased stop loss of gbpchf due to votality of nfp.. but for gbpjpy i would not risk more.. as that sl. is very accurate and now below double bottom and 4hr pin bar.. so if gbpjpy takes my sl. then nothing to me heavy sell..

here is gbpchf

GBP/CHF Setup
Reply
Thank you! Following you, I bought 169.75
+1 Reply
jhakas dizel100
Your welcome and Good Luck!
Reply
I hope nfp in our direction!
Reply
jhakas dizel100
its risky trade due to strong jpy..
Reply
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