Dani0
Long

GBP/JPY 4HR VIEW HUGE INCOMING BREAKOUT 4K+ PIPS- OFFICIAL CHART

FX:GBPJPY   British Pound / Japanese Yen
Ok already made a vid of market but thought i'd make a chart to follow the breakout movement and post in the vid commentary i made earlier.

Have a buy order at 142.800, has the potential to fall to 142.500 but this is not guaranteed and if it does happen i am able to wait out that downside negative before reaping the major upside that will follow. My take profit is currently at 148.000, though this is not fixed hence may change my take profit zone upon further developments :)

Using support and resistance areas you should be able to work out a good buy in/exit spots buy simply looking at market history. I have worked out that this market should give atleast 4000 pips (a potential 5000 pips) if bought at the bottom/ support area before breakout.


IDENTIFYING PATTERNS IN MARKET:

https://cdn-images-1.medium.com/max/1600...
https://pbs.twimg.com/media/DCwzkfyV0AA0...

HELPFUL VIDEOS TO TEACH YOU HOW TO TRADE:

https://www.youtube.com/watch?v=rNI166nM...
https://www.youtube.com/watch?v=v-Cz_LUs...


DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.

All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN DO LIKE, FOLLOW & SHARE. ~ THANKS! ~

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