BRITISH POUND BREXIT BREAKOUT!! LONG GBPJPY. 8R Trade!

31 dic 2020

British Pound looking stronger on multiple currency pairs. In particular in the last several days with Brexit Deal. I think the GBP:JPY pair looks the best. Possible also SHORT EURGBP as the charts look pretty much INVERSE of this chart.

Longterm Downtrend line just broken and retested on the daily TF. Bounce off support is breaking above recent high giving a BUY Signal Confirmation. MACD on Weekly, Daily, and 8 hr all 3 are breaking higher and above ZERO line signifying a new uptrend and Bullish Divergence.

Markets closed right now. So, Order for Entry is BUY LIMIT order = $141.002. SL = $139.39. TP = $154.00 This is a longer term swing trade and 8R return. HIgh Reward low risk trade. Will update as I enter trade.

3 gen 2021

Trade attivo

ENTRY at market open

LONG = $140.955. The above order was a LIMIT order and I got a slightly better fill price than I expected.

31 mar 2021

Trade chiuso manualmente

No one seems interested in the trade but the trade was closed at a substantial profit.