Update on GBP/JPY Trade
30/08/2017- TAKE PROFIT
25/08/2017
Express trade GBP/JPY on an hour chart
I have just seen an inverse head and shoulders pattern form on the hourly chart. It has retraced slightly that is why I am waiting for a candle stick to close above the 140.5 level. I am looking at a potential move of 125 points.
Trade summary:
Long GBPJPY (Hourly chart)
Target profit: 141.75
Entry: 140.50
Stop Loss: 139.84
Remember... trade responsibly, your capital is at risk and trading can lead to capital losses.
Until next time, I wish you profitable trading.
All charts sourced: Bloomberg
Odwa Magwentshu | Trading Specialist at GT247.com
Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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