after my last GBPJPY trade (stopped out) im now looking at a new opportunity to long this pair.
this pair broke out to topside, thru previous resistance - now support - and am looking for a pull back to/around that same resistance/support level to go long.
entry, stop and target levels are based on a mix of structure/support/Fibs/measured moves and trendlines, and the colour coded text corresponds with the colours of the lines. Good pips to be made here, but not in big position, as the stop is quite generous as well.
let me know what you think? are we going to see a test of the previous level, or will 'the Beast' simply continue the break-out and go for another leg-up (see flag pattern and accumulation forming on lower time frames that may support this)
cheers and good luck!
this pair broke out to topside, thru previous resistance - now support - and am looking for a pull back to/around that same resistance/support level to go long.
entry, stop and target levels are based on a mix of structure/support/Fibs/measured moves and trendlines, and the colour coded text corresponds with the colours of the lines. Good pips to be made here, but not in big position, as the stop is quite generous as well.
let me know what you think? are we going to see a test of the previous level, or will 'the Beast' simply continue the break-out and go for another leg-up (see flag pattern and accumulation forming on lower time frames that may support this)
cheers and good luck!
Comment:
this has now entered the area of interest.
Comment:
resistance is holding with pinbar on lower timeframes
can place orders for open on monday
can place orders for open on monday
Trade active
Comment:
going strong.... retesting the highs now
if this breaks and closes above im taking partial profit and pulling my stops into profit for the remainder
