mymonymakr

GBPJPY: Short-Term Buy

Long
OANDA:GBPJPY   British Pound / Japanese Yen
This is the KISS System, very simple.

Since the price has hit a recent daily support, I expect a double bottom or inverted head and shoulder for this long setup. Decent risk to reward ratio as my typical plan (1:2).

However if there's another confirmation besides chart pattern, I will enter the market immediately.

Cheers!

This is my personal trading plan and you can used this as the second opinion. Anyone who followed my plan should remember that any profits or losses based on this idea is your own responsibilities as a traders.
Trade active: An early signal of head and shoulder chart pattern. Took long position with less risk and will add another position after the recent resistance break.
Trade closed: target reached

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