Posts Tagged ‘GBPJPY’
23:00 GMT trades
GBPJPY and GBPUSD both long trades. GBPUSD hit TP1 and GBPJPY hit TP2 to give a total profit of 102 pips.
EURJPY Long position gave us profit of 21 pips
GBPUSD Long position gave us profit of 76 pips.
4 Hours FXM Setup.
CHFJPY Long gave us profit of 77 pips.
23:00 GMT Trades
We were long on GBPJPY which turned into a loser with a loss of 126 pips.
Then we got spiked into a EURUSD short position, which turned into a 87 pips loss.
6:30 GMT Trades
Not a very good start to new year, but losses are part and parcel of trading.
GBPJPY Hit TP1
EURJPY Hit TP3
EURUSD Stopped out.
Total net pips 142.
All pairs fell and recovered very quickly at the open of this week. Keep an eye on GBPJPY, I would look to short at 149.00 if it gets to that price in next 24 hours and shows any sign-off weakness at that point. 149.00 weekly and daily pivot point and therefore a very strong resistance area for next 24 hours at least.
This might turn into a valid trade.
As expected GBPJPY didn’t break 149.00 barely touched it and dropped back 147.50 area. Hope some of you made pips on this setup