DACapitalTrading

GBPJPY - SWING - 11. JANU. 2021

Short
FX:GBPJPY   British Pound / Japanese Yen
Welcome to our weekly trade setup ( GBPJPY )!

-

1 HOUR
Bearish price action and closure below main sr level.

4 HOUR
Overall bearish moving market structure!

DAILY
Exoecting more pressure towards previous support zone .

-

FOREX SWING
SELL GBPJPY
ENTRY LEVEL @ 140.650
SL @ 141.280
TP @ 139.730
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)


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Have a great week everyone!

ALAN
Trade active
Comment:
Comment:
Comment:
Trade closed: stop reached: Closed with -60 Pips (-0.50%)
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Comments

The technical part was correct, but the fundamentals kicked in and ruled us out. No worries, many more opportunities ahead!
+1 Reply
DACapitalTrading Investroyllc
@Investroyllc, Yeah mate
Reply
DACapitalTrading Investroyllc
@Investroyllc, all the best thanks!
Reply
Thanks for your analysis. GBPJPY Hit our target
+1 Reply
@AKFXT, Thanks mate!
+1 Reply
@AKFXT, amazing!
+1 Reply
Still think your right here, the move up was an SL Hunt taking out the UTAD high from the last drive. Elliott daily suggests a pullback from 3 high to 4 which is around 138.80. All lines up with stochastics and sentiment as well as the COT data. We should see a short from here now. 141.65 level.
+1 Reply
DACapitalTrading Mayfair_Ventures
@Mayfair_Ventures, Thanks for sharing!
Reply
DACapitalTrading Mayfair_Ventures
@Mayfair_Ventures, all the best
Reply
Good Job !
+1 Reply
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