GBPJPYThis will be a 2 week log/Journal for my GJ trads. lets try and long/short till-------- 147(Long target)
Close below 146.72 Execute short for local support(Friday low.)
Retest around last weeks low for clear double bottom and upside potential long.
Trade active
Retest of 143.756 and close below will confirm for short entry.Trade active
Close to 1st target of 143.376 move S/L to entry at 143.762(Consider the pip spread from your broker.)Trade active
Short again from 143.762 this time it might just hit our max TP 143.018.if it gets rejected with bullish momentum at 143.376 look for long opportunity.After that we may look for long exposure.
Trade active
looking for shorts from top forming a tripple top.If it closes above the 144.433 on 4H chart(different time frame could be a fakeout) close shorts automatically.
Targets: 1: 143.76
Target 2: 143.376
T3: not probably gonna hit Fridays lows
Note
Clear break of downtrend wait for retrace and go longTrade active
Long positions closed. No more trades for a while here(GBP has reached a short term resistence)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.