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dewpoint
21 nov 2016 18:11

GBPJPY - Been long and has now come to target - dashed blue line Long

British Pound/Japanese YenFXCM

Descrizione

Now at resistance = blue dashed line, have exited my long from 131 at 138.86, now i'll wait and see over the next few days it's close.
I'm now looking for a pull-back to the 132.5 area, possibly lower to the 130./129.5 area and i will start to scale in with a new long positions at the 132.5 and lower as per the above.
My long target is 145/146 area.
Would look to take 1/2 profit off at 142.5 and let the rest run to my final target at 145.
I'm therefore waiting on a break through of the blue dashed line at 138.6 to include for a break through the dashed red line which is longer term resistance, a break above this dashed red line, then i'm more than confident that we'll see the target being reached.

Commento

Short opened up at area of resistance at the dashed blue horizontal line, shorted at 13871.
Now looking for this to re-trace to areas as previously stated in opening comments above.
Tight stop set at 13900.

Trade chiuso: stop raggiunto

Altro