A short signal just triggered on the GBPJPY pair. We will be trading it to take 50% at the first profit target level and then go for the next level with the rest of the position.
Another great 3:1 reward setup. Just have to keep a close eye on it as we're approaching the weekend.
Another great 3:1 reward setup. Just have to keep a close eye on it as we're approaching the weekend.
Note
Stop loss moved to BE before the weekend close.Note
First profit target reached and 50% of position closed. GBPJPY was moved to BE before the weekend close so we are sitting on nothing but fully protected capital :)Note
Target update: Lack of momentum in last week's movement, moving target up to 134.50Note
Correction on that take profit, it's 134.22. Anticipating further downward momentum on GBPJPY.Trade closed: target reached
Target reached, full profits achieved, great GBPJPY swing trade!
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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.