GBPJPY [1-3 weeks view]

11 мар. 2020 г.

Short GBPJPY
Entry: 136.810
SL: 138.680

Clean, Simple, Concise. That's how I like my charts.

Price has been trending downwards.
Despite price gapping lower and making a new low, price came back to cover the gap. This was to be expected as gaps are generally covered. This provided me for a re-entry to go with the trend.

I currently see price forming sort of a flag pattern which is a continuation pattern. Should price break below I would add to my positions to compound the profits. Further, price is holding nicely below it's natural moving average.

This trade has a very nice risk/reward profile.

12 мар. 2020 г.

Сделка активна

Price has closed below, confirming flag pattern. I have added to my position.

12 мар. 2020 г.

Сделка активна

TP 1 reached. Closed out half of my position and time to let the rest of the position run to the final profit.

+3.08%

13 мар. 2020 г.

Сделка активна

Trade moving along very nicely.
Protected my position now. Even if price were to come back up, it'll still be overall profitable.

16 мар. 2020 г.

Сделка закрыта: достигнута тейк-профит цена

Final target reached!
That was a great run!

+5.41%