gbp/jpy trade setup

in #money8 years ago

gold.jpg

so far so good for today. already got 3 goood trade setup with gbp currency, as its is in over priced situation will move below from this level, in gbp/jpy get another very promising trade setup on daily chart. will get some good no of pips with this trade. our tp is around 120-150 pips and stop loss will be above the resistance line.

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we just need to hold the trade for next week, this weeks candle will close below the resistance level. and from next week we will get profit from this trade

Gradually price moving towards down seems like it will be a very good correction for this pair, we will hold this trade for best returns

price is not moving n our favor, bt still there is a chance that price will go down if that dosent break the upper level successfully.

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price just started to move in our favor, tried to break the res area but failed and moving strongly towards down

we just need to hold our trades for next week, it will go further low .