GBPJPY IDEA

1 Mar 2022

Pretty simple idea - since JPY is usually considered a safe haven in ruff times, and we're on the edge right now, thanks to the RU-UA situation, this looks like an inevitable path for the Dragon.

Usually I trade using harmonics, on 4H and 1D, but now volatility is too high, and currently I receive too many false signals at the moment.
So, I decided to stick with the basics with my first publicly visible idea. :)

Entry: 154.00
T1: 153.40
T2: 152.33
T3: 150.00

S/L should be put accordingly to someone's risk appetite, but bare in mind higher volatility on this pair. Especially now!


Notice: Not an advice!

2 Mar 2022

İşlem aktif

After the position reached T1, I set a “trailing stop”, together with a pending order, "Sell Limit", at 50 Fibonacci level.
I see this morning that the first position is closed, and the pending order is also a plus, but I decide to close the second position as well, because I expect a jump during the day of this currency pair.

However, I am still on the JPY side and expect further progress towards 150.

3 Mar 2022

Emir iptal

Unfortunately I didn't see this yesterday, but I had feeling it will bounce back and that's the reason why I closed my positions.

4 Mar 2022

İşlem elle kapatılmış

Fibonacci 0.5 activated the sell order again.

Looking at nice profits for this week. :)
It would be more, if I caught harmonics, but I can't complain.

Soon I'll upgrade my TW account, so that I can modify my ideas in a better way, together with more proofs regarding position.