FOREXEL
Long

GBPJPY - Waiting for a bounce in a tricky trade

FX:GBPJPY   British Pound/Japanese Yen
147 4 10
A Bearish Divergence in full action on the weekly TF which have have taken down the Pound from the 180.00 area down to the 55 MA and testing the channel support near 170.00 major psychological level. It is a bit dangerous to trade against the Yen right now but the uptrend is still intact and I think there are a few Bulls waiting at this price level. A wide SL is definately needed but the TP is awesome so I will close my eyes and jump in!! Happy trading
pmks1
2 years ago
are you in already ? or do you wait till 168.633 according to your chart, or may be i misunderstand ?
Reply
FOREXEL pmks1
2 years ago
No you are correct, I will wait a little for the price to drop some more and then jump in
Reply
pmks1 FOREXEL
2 years ago
Thanks for quick feed back. I appreciate your charts a lot.
Reply
FOREXEL pmks1
2 years ago
Anytime )
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out