Riding the Waves: Anticipating GBP/JPY's Next Move Over the Next

Over the past couple of weeks, I've been making a series of small long buys. Looking ahead, I've got my sights set on GBP/JPY for the next 3-5 weeks, with a target at 185.89477.

Now, here's the deal - if you zoom in on the shorter time frames, things might seem a bit bearish, but when you zoom out using the weekly, there's this bullish wave that's still in motion.

That 185.89477 level, well, it's like this zone of imbalance that needs to be hit to restore some balance in the markets. Sure, there might be some more downward pressure, but I'm thinking that over the next 3-5 weeks, this trade's going to unfold as planned.

As for the risk management part, I'm going without a stop loss for now. Instead, I'm keeping an eye on the clock and the overall market structure. That's the game plan! 📈🕒 #ForexTrading #GBPJPY

Comment:

Expecting a positive move this week or next week.

Comment:

Closed at 200 pips profit, left small trade running.

Comment:

Boom!!!

Trade closed: target reached