Counter-trend buy idea for GBP/JPY based on previous low,anyone?
Hello traders and the entire Tradingview community! As per my previous idea published
on 12 December 2023, GBPJPY has indeed moved to the 178.50 level as I had anticipated.
Now, the big question is, should we buy it? Idealy, we should not buy falling knives as they say However, the scenario seems a little different here.
With this fall being partially driven by the Fed decision last night and also relatively lower volumes, we can consider doing some buys with small lots here. As an aggressive trader, I have already bought GJ@178.53 with a TP of 182. No SLs yet, but I would be careful if prices breach this zone.
on 12 December 2023, GBPJPY has indeed moved to the 178.50 level as I had anticipated.
Now, the big question is, should we buy it? Idealy, we should not buy falling knives as they say However, the scenario seems a little different here.
With this fall being partially driven by the Fed decision last night and also relatively lower volumes, we can consider doing some buys with small lots here. As an aggressive trader, I have already bought GJ@178.53 with a TP of 182. No SLs yet, but I would be careful if prices breach this zone.
Not
Running in 40 Pips profit but still very volatile, trade safely friendsNot
67 Pips profitNot
Trade has reached 147 Pips profitNot
210 Pips and today's daily candle might signify reversalNot
Trade closed partially with 307 Pips profitNot
Losing a little momentume here
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.