Gj Reversal Zones

[bigbax699]

Todays pair is GBPJPY . We initially entered in the marked out circled area and reached 290 pips in profit. Which you could of taken when the reversal signs appeared. But price came only back to our entry position again before a big rejection. If you stayed in from the original entry we are currently 273 pips in profit. Hopefully you took profit on the first entry and entered again as the setup was exactly the same. Easy to take, all you have to do is look for the signs on the smaller timeframes and easy intraday pips. As always lock in your profits, take full profit, or take half and hold, just dont give it back to the market GLIYF

 

[MoBest]

Todays pair is GBPJPY . We initially entered in the marked out circled area and reached 290 pips in profit. Which you could of taken when the reversal signs appeared. But price came only back to our entry position again before a big rejection. If you stayed in from the original entry we are currently 273 pips in profit. Hopefully you took profit on the first entry and entered again as the setup was exactly the same. Easy to take, all you have to do is look for the signs on the smaller timeframes and easy intraday pips. As always lock in your profits, take full profit, or take half and hold, just dont give it back to the market GLIYFView attachment 60390

We're almost there.

 

[bigbax699]

Good morning, today checking back in on GJ. For this pair, this move has been a bit of a slow one. Most likely due to the UK pandemic situation and being the Xmas holidays etc etc. But non the less we are currently just under 400 pips in profit from this setup. Price is looking likely it could hit our TP projection zone. But as always make sure to move your SL into profits to bank. Or reduce your position and take some profits with SL at entry. There has been multiple times since i first posted this setup where price has come to entry zone, giving you multiple times to enter if you missed it first time. GLIYF

 

[bigbax699]

Today i'm happy to report that our trade long on GBPJPY has hit our TP projection zone. A nice 440 pips returned on that setup. It did take longer than expected but a good return non the less. I can see it pulling back from here as i can see a vector forming on this supply zone . ill look for the next setup in the next post. But for now enjoy the pips profit

 

[momo3HC]

Cheers for the good trade mate.

 

[MoBest]

And now? Still looking north?

 

[bigbax699]

Good morning all, new week begins. Could be a big week for USD possibly with the president being sworn in. Or has price already factored that in. Anyway looking at GBPJPY next possible trade, im liking the look of a buy from this support area where price almost sits at. Definitely a strong zone with alot of mess to the left to go through. Could be ideal to buy from there for the push north to the next zone above. nice R:R of 1:4 on offer with this setup. Always remember for support to form before entering the buy. GLIYF

 

[bigbax699]

Todays overlook is on GBPJPY . Last time i marked up this pair it was almost at the support. We got a nice bounce from the zone and there was a pullback on the 1H chart that you could of taken the trade on. which i did. Currently 150+ pips in profit on this position. But its vital to break this supply zone to achieve TP projection zone. I have moved my SL to entry so its risk free running. If price fails to break this zone we could see a visit to the entry zone again. But ill lock in 50 or so pips if it starts to come back down. Hope you managed to get in. GLIYF

 

[momo3HC]

I`m almost 100% sure that this trade will be done with full profit.

 

[MoBest]

Seems like it's hard to break thru the resistance.