ridethepig

Supreme Court Flows ... A Must Track!!

Short
FOREXCOM:GBPJPY   British Pound / Japanese Yen
A heads up for the flows this week in GBPJPY , we are trading a very advanced call outguessing the Supreme Court decision meaning headline and event risk remain on high alerts.

PM Johnson is 6 weeks away from the finishing line for a no-deal, Pound will continue to bounce between the wide range which makes things a lot easier from a technical perspective. Here it is time to work the offer as we enter back into resistance, early shorts have been squeezed and we are back in overbought territory, simply it remains a good time to be a seller here.

For the map: Highs 135.0x => Mid 130.7x => Lows 126.6x

Best of luck all those trading GBPJPY and other Sterling crosses for the Supreme Court flows.
Comment: First targets hit !!!!
Comment: Retrace leg in play
Comment: Retrace leg
Comment: Retrace leg complete - Wave 3 begins with the close.
Comment: All eyes on the loading zone !!

Related Ideas

Comments

@ridethepig. what price does this have to hit to become invalidated?
+1 Reply
ridethepig ahmedzahid2799
@ahmedzahid2799, invalidation comes in here above 136.0x
Reply
@ridethepig is invalidation still at 136?
Reply
"EU's Tusk has stated that UK PM Johnson has promised the EU he will come forward with a solution to work for all; unfortunately this has not happened - if no proposals by today will announce no more chance for a deal at the summit"
Reply
ridethepig jrichens
Agree @jrichens ... lots of talking but not much walking
Reply
jrichens ridethepig
@ridethepig, I've moved from spread bet to options, way too volatile to swing trade properly
Reply
Do not know what to make of this pair right now, unhealthy price action big time
Reply
ridethepig RamirezFX
Why @RamirezFX? We retraced all the way back to the loading zone ready for the impulsive leg.
Reply
Hey @ridethepig does it go back to the loading zone or does the retrace leg ends here or will it shoot more...just to understand where to place the stop loss, around 100 pips as a stop loss??
Reply
ridethepig ridealong
Late reply here @ridealong ...Eyes on the loading zone with invalidation above the same 136.0x
Reply
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