SwingingPrime

Buying GBPJPY ~520pips

Long
SwingingPrime Updated   
OANDA:GBPJPY   British Pound / Japanese Yen
I am currently in a sell on GBPJPY to 165.600, as part of my analysis of GBPJPY Correction. I would then be looking for setups to buy to around 170.860. A proper TP would develop with price action.

*This is not signal. Just an update on my trading activities.
Comment:
I have closed 80% of my sell. Would be watching late asian session and LDN session for bullish setup.
Comment:
Closed 100% of my sell. Waiting for 15mins BOS, and retest.
Comment:
I have an estimated TP now at 170.190
Trade active
Trade active:
Sweet sniper entry at 165.920. My TP is at 170.191 for a good 42.29:1 RR
Trade active:
Moved my SL to 165.860. Happy Trading.
Trade active:
Price did not make a strong HH, just took out liquidity. Would move my SL back to 165.795 and reduce my positions. If we are going to get a complicated pullback, best to add positions at breakout.
Trade closed manually:
Setup invalidated. earned just 0.25% on this. Would keep watching.
Comment:
I will post my updated setup on GBPJPY, however, there will be no more update till price is ready to buy.

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.