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DACapitalTrading
Feb 12, 2020 9:38 AM

GBPJPY - FOREX - 12. FEB. 2020 Short

FX:GBPJPY240
British Pound/Japanese YenFXCM

Description

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Welcome to our weekly trade setup ( GBPJPY )!

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1 HOUR
Bullish pullback towards previous resistance.

4 HOUR
Explosion in H4 taking out 70% of previous wave structure.

DAILY
Looking for a break to the downside now in most xxx/JPY Pairs.

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FOREX SETUP
SELL GBPJPY
ENTRY LEVEL @ 142.810
SL @ 143.610
TP @ 141.210
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)


Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!

ALAN

Trade active

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Comment

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moving..

Comment

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Increased risk with another position, it looks like we will drop now!
Trend AnalysisWave AnalysisBeyond Technical AnalysisGBPjpyGBPJPYshortSELLgbpjpysellgbpjpyshortswingForex
Comments
Jollymolly
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Gj is only in consolidation... Killing both buyers and sellers.. I am into it but I think it is going 144 again.. Gu to me going 1.33
Jollymolly
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@Jollymolly, not into gj.. Cuz gu will surprise sellers this week..
DACapitalTrading
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@Jollymolly, Thanks for sharing with us
DACapitalTrading
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@DACapitalTrading, strange market behaviour in gbp pairs right now
DACapitalTrading
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@DACapitalTrading, lets see, all the best
Jollymolly
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@DACapitalTrading, gu dude can go 1.33... it is exactly trading its past patterns... here is my setup for gu.. i shared on monday.. for today gu can retrace.. but as per its past patterns.. tomorrow it will be massive rise!!!!!!! but lets see cuz gu can go deep below 1.30.. but its old chart patterns say something else... have a look

DACapitalTrading
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@Jollymolly, hmm interesting, whats your stop?
lightningprofits
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@Jollymolly, GU looks done to me. Retest and then death cross.
Jollymolly
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@lightningprofits, possible yes!!!! But still 2 days more to go.. I am expecting above 1.30 tomorrow
DACapitalTrading
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@Jollymolly, :)
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