GBPJPY the best gift of 2019

Let’s review the silliness of the past 14 trade days:
From May 6th to May 23rd (1337 CST), GJ has dropped over -5.4%.
From the prior swing of 146.51 to 138.59, that’s a whopping -791 pips.
Just below price is the 1/8th Major Harmonic support level at 138.17 along with the final arc.
Bullish divergence between the Composite Index and the RSI.
The RSI is at a historical support level and the lowest level its been since the beginning of 2019. The past 7 times the RSI has dipped into this zone, GBPJPY has responded with an extremely violent move higher.
The Composite Index is at a 5-year low, going back all the way to July of 2015.
This is one of those trades where you throw 10 lots at it, no stop and pay off your mortgage, or your 2nd home, or you 3rd kids college, or buy something nice for your wife.

Trade attivo:

Buy stops sitting below at 138.17, 137.86, 136.87 and 136.12
If we get blessed with a stupidly lower discount below 136, I hate to use the Texas Hold'Em phrase, but I'll be 'All In'.

Trade attivo:

Holding

Trade attivo:

2 lots added at 1.38.87

Trade attivo:

2 lots added at 136.87

Trade attivo:

Still active - prepping for bounce.

Trade attivo:

Still holding and active - it's July 3rd, an important Gann date where moves culminate and trends terminate between July 3rd and July 7th.

Commento:

Added 2 lots at 134.3

Commento:

1/2 of position sold today. Another 1/4th will sell at 143.56.

Trade chiuso: obiettivo raggiunto:

All positions sold - all in profit.