Hey there, as we can see Pound is pounding Yen in last two days. Some positive data took it this high where ABCD Pattern completed at 181.39-40 area. Which is giving us indication to have a short entry.
I took two entry from this pattern though I need to make sure this pattern is being respected as it is still in the PRZ.
My entry will be shorting from 181.40-45 SL 181.95 target is around 180.
But lets not forget even if NFP effect has been ended (Usually it follows USD while NFP), market is still moving high and may take our Stop. So I hope you put your lot effectively. Also don't forget to trail your profit since we're going against the trend.
I took two entry from this pattern though I need to make sure this pattern is being respected as it is still in the PRZ.
My entry will be shorting from 181.40-45 SL 181.95 target is around 180.
But lets not forget even if NFP effect has been ended (Usually it follows USD while NFP), market is still moving high and may take our Stop. So I hope you put your lot effectively. Also don't forget to trail your profit since we're going against the trend.