GBPJPY is offering up a nice looking EW 5 wave setup pattern. From current levels it could, if it plays out deliver 50-80 pips with a well defined stop loss. The small pink line is my choice to play should price break down. With stops around the 131.00 round number. My orders are stop sell orders on this one.
My reasoning for this kind of order is simply this...
I...
Here is another Forex Trading Snack!
I try to post up higher probability trade ideas in my opinion according to my own style of trading. If this also matches yours. Great!!
Allow me to just say, this idea is both long and short trade plays in one pattern and trading idea.
Full disclosure; I’m already short at 107.75
When news hits and markets react to it, ...
