-Andrew-
Short

GBPJPY - Fakeout of Inside Bar?

FX:GBPJPY   British Pound/Japanese Yen
443 3 7
I have an open position @ 134.968 - This pair has currently broke a major support. Will confirm at the close whether to do a sell setup or consider it as a fakeout move and take profits.

Comment: Wait and see for now....

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I wouldnt be buying nor would be selling for the moment. Watch the presidential debate between Trump and Clinton. If Trump is more likely to win, we could see a rally in Yen.
Comment: Second entry @ 130.853

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Comment: Clear rejection at key level

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Comment: Took off 1/2 of 2nd Entry 82 pips and moved SL to 130.853

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Comment: 2nd position stopped out at b/e - Booked half profits - Trade still active on 1st position
Trade closed manually: Closed this long term trade -

With a total of 430+ pips (1st and second entry)
Trade active: Shorted this pair on a lower TF @ 132.067 (2 positions)

Took one off for 100 pips

SL placed on b/e

So long this is below 132.240 - I will be shorting it again.

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Comment: Retest of broken structure and @ 0.618 Fib

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Comment: Position @ +110 pips

130.350 is a strong support
Comment: Shorted again 131.221
Comment:
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Comment: https://www.tradingview.com/chart/GBPJPY/YhFJfrZ1-GBPJPY-An-Idea-where-to-Long-using-Fibs/#tc465577
Comment: Took profit from 131.221 entry for 98 pips

snapshot


Another position remaining at 132.067
Comment: SL trailed to 131.350
Comment: Trade closed manually @ 130.812

Entry 1 @ 132.067 (125 pips)
Entry 2 @ 132.067 (100 pips)
Entry 3 @ 131.221 (98 pips)
Interesting. I think GJ will fall lower after one last touch to the 135 level.
Reply
-Andrew- PRO mrforex89
Trump wins = Yen rallies - Wait and see. As of now, I won't be doing anything - Trailing stop in place
Reply
agree with you ,132.10 area is a good entry for short.
my long position take profit when i saw the price can't make new high.
Reply
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