Get started
vinothselva

GBPUSD-A Simple Setup that occurs 90% of the time

Long
British Pound / Japanese Yen (FX:GBPJPY)  
vinothselva  
FX:GBPJPY   British Pound / Japanese Yen
Chart Patterns Wave Analysis Trend Analysis
5
0
chartpattern waveanalysis trendanalysis
GBPUSD is strengthening in the long term. Here is a nice setup where we can benefit by shorting the retracement till 142.50 & then longing till 148. We can short for now by limiting our loss at 145.60. Once we have reached our target at 142.50, then we can take a long position till 148 again by taking a stop loss at 142.

A very good Risk/Reward Ratio

Good Luck!

All the Best
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.