FX:GBPJPY   British Pound / Japanese Yen
It is going on a Rising Wedge in 1hour chart, then it may drop on the demand zone around $130.


Hi I have a sell trade opened 131.90 .....you think I can wait to go down or it is going up? Thanks
+1 Reply
@alvpac, I think you should close your trade as soon as it crosses 133.5. Its already a loss. Hopefully you dont blow your account
alvpac SwingingPrime
@SwingingPrime, you think it's going up? Or go down till 133.5?
@alvpac, theres a formation at 133.5. Idealy, close your trade at below 133.536. Last week's move should end at ~135.65, before we see any major bearish move to around 130.7...I would not advise you to hold on to your trade that long, however if your account can take it, you might just make some profit. I am making this prediction based on a retracement move from last week's movement. If you have Telegram, we could chat (my username is thesame). Above all, be safe. It is better to have little than nothing at all.
@alvpac, I think you can give it a last chance at 135 if you still hasn't blown your account. You should close your trade asap if it break out 135. 4hrs chart of GBPJPY is still going up but it may go down to 131 level on 1hr chart
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