traderparag

GBP/JPY is a good Long opportunity on Hrly charts

Long
FX:GBPJPY   British Pound / Japanese Yen
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2
I am already long GBP/JPY as it crossed 200 EMA on Hourly chart.

ADX has moved above 30 as well - so I would add more as I see strength in this rally now.

Strong close below 200 EMA is trailing stop loss, or else any retract to 200 EMA is a buying opportunity.
Trade closed: target reached: Taking out 50% positions here with decent profits. Carrying remaining 50% with 20 EMA as trailing SL...

Comments

Target Reached! I have taken out 50% here and carrying remaining 50% with 20 EMA as trailing SL - I repeat, 20 EMA as trailing SL not 200 anymore..

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