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.
Nota
Running in 40 Pips profit but still very volatile, trade safely friendsNota
67 Pips profitNota
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Trade closed partially with 307 Pips profitNota
Losing a little momentume here
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.