GBPJPY
Had a really good entry with this pair today, risking 4% and getting a 30% account growth. Earlier We had a H&S on the 4 hour time frame which indicated a short term sell.
However when looking at the bigger picture it is still climbing to the upside. If the pair respects this trend we may have a new trend channel as shown towards the upside. Time will tell, I will wait for a reverse to the upside and enter long after the pullback.
Please note this could still be a short if it decides to break the channel.
Thoughts and ideas welcomed.
However when looking at the bigger picture it is still climbing to the upside. If the pair respects this trend we may have a new trend channel as shown towards the upside. Time will tell, I will wait for a reverse to the upside and enter long after the pullback.
Please note this could still be a short if it decides to break the channel.
Thoughts and ideas welcomed.
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