umayrashrafi
Education

GBPJPY BREAKDOWN

FX:GBPJPY   British Pound / Japanese Yen
Whilst GBPJPY has been trading within this range for a while we identified the relevant zones and levels from where we should entered our positions.
Our first entry was taken at the 139.4 level which was at the bottom of the range in a good liquidity zone and targeted the previous highs, this closed out for 92 pips on 2 positions.

The second entry was a simple trade taken from the 141.54 level and simply targeted the bottom of the range for 215 pips.

A third entry was taken during the completion of the 141.54 move at 140.335 after the completion of a head and shoulders pattern for a 90 pip move down to our 139.4 region.

The fourth trade was taken on the basis of a strong liquidity zone forming at the 140.06 level with added confluence of a inverse head and shoulder to target a 145 pip move up back to the top of the range.

all sniper entries were showcased on instagram as well as further educational posts @umayr_ashrafi
For long tremd I think it will break 141.70 to 143.8 then 148. 148.5
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out