piphunters
Short

GBPJPY: Short setup

FX:GBPJPY   British Pound/Japanese Yen
1767 23 41
6 months ago
The pair is in a corrective structure and currently at the top of the trend line where a bounce is expected giving us a good opportunity to go short and expect another break down which would give us a huge downside in the matter of few days!
5 months ago
Comment:
GBPJPY: Impulse down
5 months ago
Comment: next short opportunity
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PabloV
6 months ago
Hi , which level must be broken leading to that huge downside??, you say 162.488?, thanks !
Reply
piphunters PabloV
6 months ago
161
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PabloV
6 months ago
thanks !
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piphunters PabloV
6 months ago
my pleasure
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Cooke
6 months ago
Nice, I have been keeping an eye on this.
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piphunters Cooke
6 months ago
hope you got on
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fOREXeCHO PRO
6 months ago
I support your view but I can still see a clear head & shoulders pattern, which makes the trend confusing. How do you suggest about this pattern?
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piphunters fOREXeCHO
6 months ago
sorry I don't trade that pattern so can't suggest about it
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blackeagle piphunters
6 months ago
Not trading a pattern does not deny its existence. Switch to daily chart and look carefully. You'll see an inverse head and shoulder which is a reversal pattern.
And a close today above 161.90 is a bullish confirmation and gives 173.60 target.
+1 Reply
piphunters blackeagle
6 months ago
didn't say it don't exist or won't work, everybody has different methods so what you see I may not see, simply said since I never traded I can't give an opinion on something I am not using :)
+1 Reply
_VincentP_
6 months ago
I'm already in it since the opening of the market. Of course the price first had to first move 100 pips higher.
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ChrismasFX
6 months ago
great. clean charts are awesome!
+1 Reply
piphunters ChrismasFX
6 months ago
thanks!
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Dps
6 months ago
Gr8 analysis. Trade is on...Many thanks..
+1 Reply
piphunters Dps
6 months ago
my pleasure mate
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eager
6 months ago
sir..thank u very much for this great idea...... cleanest chart i have ever seen ..u r a great trader...thank u very much.....God will be with u .
+1 Reply
piphunters eager
6 months ago
thank you!
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Dps
6 months ago
Gr8 call PH..many thanx..
+1 Reply
piphunters Dps
6 months ago
you are welcome
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Dps piphunters
6 months ago
159.41...what next?
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piphunters Dps
6 months ago
154-152
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Dps piphunters
6 months ago
thanx PH..will hold my position..gr8 work..
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roadtogo
6 months ago
hello,
I have asked this on another chart but I d like to ask you too..

this is a question to learn,

Ok it broke down the channel, everything goes awesome..

but how about if the market turns against the chart? where do you put your SL after this break out?

For instance today my SL was 160.40 and I entered short gbpjpy

I will not wait until price reaches 160.40 of course, to me, if it get 160. it will definetely hit 160.40 and no need to wait. so rather than let my stop at 160.4 i better put on 160.

or likewise, if price falls to154.0 this weeks I could move my SL to 155.5

so how do you decide/update your SL point after huge break outs?
Reply
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