Edvardsson
Long

2 scenarios for GBPJPY My first idé so please some feedback

FX:GBPJPY   British Pound / Japanese Yen
102 1 2
I'm in for a Long position. We have 2 scenarios.
1) if we can break fib 0,236 i will feel secure to take SL at 147,7
2) we bounch at fib, then we will skrap the whole idé until we see a change in trend!

But if my backtracking is right we have a good position to at least make a small profit until stochastic is changing its mind ^^
Comment: It flyes perfect!
Depending on strategy you can change SL to right under fib 0,236.to earn at the + side at least.
But this can be changed depending on movement!
i tighten my SL for the upcoming Brexit. Reason is i am unsure how it will effekt this pair and want a secure profit!
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