The market been hazy lately, but most predict that GJ is heading to 155.0 again.
What do you guys say? Is it done ranging?? Or we might see it continue? 🐱🏍🐻✔😜💰🔥💰🔥💰💰
LET'S GO!!! Secure the bag! 💰💰💰💰🔥🔥🤑🤑
My Trading Plan on GBP/JPY #Long
I'll Long G/J around 152.700 - 152.640 , with Stop Loss around 152.400 . I'll exit the trade around 153.200 - 153.300.
The Risk/Return ratio is 1:2.7. Just sharing my Future Trading Plan for education purpose only. This is certainly Not a Buy/Sell Call. Criticism is welcome.
Note: Do your own analysis...
GBPJPY has been forming lower lows. Despite that, it has failed to break that support level along the shaded rectangular zone. This pair might be preparing for an upward move. I'm expecting bullish momentum (a breakout) above that drawn trendline.
GJ buy call Entrys- 151.740 & 151.593 stop loss at - 151.285 target price - 154.801
This call is based off divergence off the 1hr and break and retest from the one hour tf as well were just waiting for the retracement to happen if it does then it will be an active trade lets see so far so good off price action. @IJackPips