Holding LONG since 169, will not TAKE PROFIT for the following reasons:
1) Since today's opening, I've been looking for a BEARISH ENGULFING on the 15M chart. No avail and it's getting close to my shutting down for the evening.
2) GBPJPY crossed a seemingly long term ongoing threshold around 170.1-170.4 (Flat Blue Dotted Line)
3) Following Danske Bank, they've revised their SL to a TP at 170.1, with a revised target of 172.8ish (Looks like they're aiming for a Cup and Handle pattern - I'm joking - I don't know what they're going for, see earlier postings)(But I generally follow their general direction).
4) GBP has been having positive data, waiting for some housing data in 45min. Tuesday's PMI may provide a ST SHORT.
Hold LONG or go LONG with tight SL/TP. Look for ENGULFING BEARISH candles on the 15M near capping Blue lines to TAKE PROFIT. Aiming for 172.8 or 173.
1) Since today's opening, I've been looking for a BEARISH ENGULFING on the 15M chart. No avail and it's getting close to my shutting down for the evening.
2) GBPJPY crossed a seemingly long term ongoing threshold around 170.1-170.4 (Flat Blue Dotted Line)
3) Following Danske Bank, they've revised their SL to a TP at 170.1, with a revised target of 172.8ish (Looks like they're aiming for a Cup and Handle pattern - I'm joking - I don't know what they're going for, see earlier postings)(But I generally follow their general direction).
4) GBP has been having positive data, waiting for some housing data in 45min. Tuesday's PMI may provide a ST SHORT.
Hold LONG or go LONG with tight SL/TP. Look for ENGULFING BEARISH candles on the 15M near capping Blue lines to TAKE PROFIT. Aiming for 172.8 or 173.