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Hi there,
I am going to post a very juice operation that likely is going to unfold in the GBP/JPY 1 week chart.
The quality of the picture is not that nice, but there is a 5 movement already developed and likely to start going down this incoming week. The EUR/GBP also is likely to be at the end of a 5 wave in other lower timeframe so, It is spected to start going up.
As you can see the take profit of the operation is going to be at 160.21 and the stop lost should be 175,68 being the current price at 173.05. It is a quite low risk operation but it could be break the stop lost and then start this movement in a higer price.
The EUR/JPY is spected to go up at least 45 pips, at the first take profits, and then I am going to start selling GBP/JPY to a target according with the contest rules. So the question is where to place the take profits to be reached before friday?. 170,30 is a good place to spect a retracement of any amount so there is going to be my take profits for this week.
Goog luck traders and happy trading do not get stressed!!!
I am going to post a very juice operation that likely is going to unfold in the GBP/JPY 1 week chart.
The quality of the picture is not that nice, but there is a 5 movement already developed and likely to start going down this incoming week. The EUR/GBP also is likely to be at the end of a 5 wave in other lower timeframe so, It is spected to start going up.
As you can see the take profit of the operation is going to be at 160.21 and the stop lost should be 175,68 being the current price at 173.05. It is a quite low risk operation but it could be break the stop lost and then start this movement in a higer price.
The EUR/JPY is spected to go up at least 45 pips, at the first take profits, and then I am going to start selling GBP/JPY to a target according with the contest rules. So the question is where to place the take profits to be reached before friday?. 170,30 is a good place to spect a retracement of any amount so there is going to be my take profits for this week.
Goog luck traders and happy trading do not get stressed!!!
