Last couple weeks, our gbpjpy trade for a sell just missed our take profit of 760 pips by 5 pips :(
Now, after the huge drop, the pair pulled back for a couple days so far and with the pair reaching a key resitance point and the expected news on gbp pairs, the pair is expected to continue dropping catching at least 250 pips. hook on a fibonnaci from the high and the low, the pullback will hit around the 38.2 mark. I swear, this pair has never been this beautiful snice the day the usd pairs dropped for thousands of pips.
so we enter this trade with a sell, unlikely the pair will start dropping when market opens but we'll enter in case it does. at around 3am est or 9am est will be the ideal time the pair will drop.
Good Luck!
GBPJPY
Sell when market opens
Start: 143.079
Tp: 140.426
Sl: 143.634
Now, after the huge drop, the pair pulled back for a couple days so far and with the pair reaching a key resitance point and the expected news on gbp pairs, the pair is expected to continue dropping catching at least 250 pips. hook on a fibonnaci from the high and the low, the pullback will hit around the 38.2 mark. I swear, this pair has never been this beautiful snice the day the usd pairs dropped for thousands of pips.
so we enter this trade with a sell, unlikely the pair will start dropping when market opens but we'll enter in case it does. at around 3am est or 9am est will be the ideal time the pair will drop.
Good Luck!
GBPJPY
Sell when market opens
Start: 143.079
Tp: 140.426
Sl: 143.634
Comment:
:( sadly gbpjpy did not make its move yet and we lost 56 pips, we'll get them back next time