piphunters
Long

GBPJPY: Buy breakout - Asian session

FX:GBPJPY   British Pound/Japanese Yen
998 9 45
The pair is currently in an up trend off from the lows of the recent impulse, while this up trend is seen as part of a larger corrective structure, even if we are not to start a larger degree up trend there is plenty of room to the upside for a good long, the structure is still taking shape and it is too early to predict how it will look like but we may end forming a triangle if we are not getting a big reversal of the main down trend.

Note: What to do if it doesn't break out to the upside? Nothing, as there won't be any trade taken. You should enter longs only when it breaks according to your strategy.

IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
vicky13
6 months ago
GBPJPY going UP ...................?
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Najib13th
6 months ago
expected area mate?
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piphunters Najib13th
6 months ago
150 area
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Najib13th piphunters
6 months ago
thanks mate :)
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piphunters Najib13th
6 months ago
you are welcome
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Najib13th piphunters
6 months ago
but...are u sure?150 is too far...or just because u say that is because bullish mode just turned on in this pair??
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piphunters Najib13th
6 months ago
that's the assumption made and this pair has the capability to move that much pips in less than a week, I can't be sure since it's not me who is moving the markets so I never say I am sure. :)
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Najib13th piphunters
6 months ago
ok..thank you for your educational answer mate :)
Reply
piphunters Najib13th
6 months ago
you are welcome
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