British Pound / Japanese Yen
Long
Updated

GBPJPY

123
Plan followed

- saw break of trendline to the upside

- got wick out

- re entered

- up 80 pips ( 200+ pip )

- 100k FTMO challenge (5k) remaining currently

- Uk open
either continued bullish power to the upside
short 20 pip pull back to support below continued pressure to the upside

- caution, just because its up in the night, doesnt mean it cant go down during the day and loss of all morning gains,

- logical move, move sl under support, move sl to enter on 1 trade and let run...
Note
could produce a long wick to the ema line, but if price wants to behave, it should restest this area as the 4hr candle has broken past the EMA
Note
fresh 4hr candle and 2 1hr retractments pullback?
Fib 6.18
Trade closed: target reached
so glad i scaled that

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.