GBPJPY Long

May 28, 2018

Downward momentum has peaked for GBPJPY. It tested and failed to break a support level today, forming a double bottom instead. It also appears to have formed an ABCD pattern. This trade is anticipating a pullback to previous support/resistance levels, which are coinciding with the fibonacci levels of the complete leg.

SL: 145.2
TP1: 147.1
TP2: 148.2

May 29, 2018

Trade closed: stop reached

SL triggered. Will look for a re-entry confirmation.

May 30, 2018

Note

A reversal might be forming. Continue waiting for a confirmation.

Jun 1, 2018

Trade active

We're on track.

SL: 145.2
TP1: 147.1
TP2: 148.2

Jun 4, 2018

Note

Slight pullback. GBP pairs are in good shape. Still on track.

Jun 4, 2018

Trade closed manually

Going to take profits now as this pair is uncertain. At least +100 pips, more than enough to make up for the SL.

Jun 6, 2018

Note

Interestingly, it nearly hit TP2

Jun 7, 2018

Note

TP2 was hit.