FX:GBPJPY   British Pound / Japanese Yen
As you can see we have multiple trends and zones. I have labelled each trend and zone for your educational purposes, hoping you will understand where I am coming from.
- The Daily trend shows UP
- The 4h TF (Timeframe) also shows UP

We have a 4h zone which has been highly respected in the past. We are hoping for a breakthrough this time, hoping it will break through the zone and come back to retest it as Supp. If this is the case then we will enter a position until the next zone which is daily, which is really strong.

This trade is a 18.00 Risk Ratio with a 20 pip Stop Loss and a 360 pip Take Profit.

The only reason why this trade should not break the 4h zone and rally back down towards 136.000 is due to COVID-19 as the UK are planning on returning into partial lockdown status.

If you have got this far, please give this 'idea' a Like & Follow!
Trade closed: target reached

Comments

Please wanna discuss business with you.. kindly reply my telegram messages
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I don't understand the point... so you advicing to go long ??.. don't you know the partial lockdown would affect the UK economy??πŸ˜³πŸ˜³πŸ€”πŸ€”πŸ€”
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MrGeorgeFX itzanoti
@itzanoti, it’s only pub that are closing for 2 weeks - not proper lockdown
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itzanoti MrGeorgeFX
@MrGeorgeFX, dame .. I placed a trade since 13hrs ago to go short .. presently am on massive loss of about 45$ .. I don't know what to do.. and it's on a small account 😭😭😭😭😭😭
Reply
MrGeorgeFX itzanoti
@itzanoti, if you have telegram add me we will talk more on their. @MrGeorgeFx
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itzanoti MrGeorgeFX
@MrGeorgeFX, I tried texting you but it wasn't going.. and yes I have a telegram account .. message me @N00B_trader
Reply
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