Long GBPJPY

Aggiornato
TRADE #4

Price is reaching major support at 147.500 - 147.000
Also, it is very near the trend line too.

These are the two major signals that I am using to entry the trade.

Placing a buy Order at 147.000
Stop loss at 146.400
Target 156.400 ( at least )

If the plan doesn't go right I am risking only 60 pips. Prices can even go further it can go to 145.280 which is 161% extension of the last move. However, it might go lower because It would have broken the up trend line. ( 139.300)
Trade chiuso: stop raggiunto
Stop loss reached successfully
Chart PatternsGBPJPYgbpjpylongTrend Analysis

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