Edvardsson

2 scenarios for GBPJPY My first idé so please some feedback

Long
Edvardsson Updated   
FX:GBPJPY   British Pound / Japanese Yen
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!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.