GBPJPY bearish to end this week (CORRECT VERSION)
'm shorting GBPJPY when the Tokyo Session opens:
1- I am waiting for a ranging period between 1800 and 2330 (London time)
2- Between 2345 and 0030 (London time) I am waiting for a market manipulation testing the previous range.
3- Between 0015 and 0045 (London time) I am deciding my entry.
4- I am planning to leave the trade to run to 157.150 (Previous Day High) - close of the week.
Best regards,
Dilletante91/ Anchor Trader
(PT, ENG, ESP)
1- I am waiting for a ranging period between 1800 and 2330 (London time)
2- Between 2345 and 0030 (London time) I am waiting for a market manipulation testing the previous range.
3- Between 0015 and 0045 (London time) I am deciding my entry.
4- I am planning to leave the trade to run to 157.150 (Previous Day High) - close of the week.
Best regards,
Dilletante91/ Anchor Trader
(PT, ENG, ESP)
Comment:
Be careful with the news tonight in about 4 hours
Comment:
Tokyo news being priced in. Not expected. However my plan remains te same.
Comment:
1st sell done
Comment:
3 sells, 4 buys, 2 new sells: 1:12 RR :)
Comment:
Great day! 400 pips - 13% ROI
GBPJPY was priced in according with negative expectations for the Japanese economy which turned out to be b*llocks.
Managed to be profitable pre-news and after the high of Tokyo session was found.
Now waiting for GBP news at 0700 (London time) to see if my analysis/target was right,
GBPJPY was priced in according with negative expectations for the Japanese economy which turned out to be b*llocks.
Managed to be profitable pre-news and after the high of Tokyo session was found.
Now waiting for GBP news at 0700 (London time) to see if my analysis/target was right,
Trade closed manually