British Pound / Japanese Yen

GBPJPY - Potential Long and short senario

By VinnyTheTrader1

Updated

GBPJPY channel down.. potential long after breakout.. SWING target 143.45 area..

Please hit like to support and follow for more ideas..

Vinny

Trade active

70 pips since i posted this chart..

Note

snapshot

Note

looks like a false breakout..scenario 2 ..

Note

snapshot

Note

snapshot

Note

long running with 40 pips.. will close my position before CPI data unless its positive..

snapshot

Note

close short GBPJPY.. daily support level.. wait for next entry for short or long...

Note

snapshot

Note

breached daily support... entered short again.. target trendline or next fibonacci level..

Note

snapshot

fibonnaci .618 continuation downtrend expected...

Note

running 35 pips from .618 level.. hoping to break the resistance but needed strong bear action.. anyways in profit...

VinnyTheTrader1

Related publications

AUDCAD bearish divergence... short

by VinnyTheTrader1

eurjpy - short -- i am already in trade but never published

by VinnyTheTrader1

EURUSD channel break- pullback trade

by VinnyTheTrader1

USDCAD - long biased- Daily

by VinnyTheTrader1

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.