GU and GJ a substantial move into the closing, somewhat surprised to see that. Overall the close will be very bearish on both units.
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Dislikedok having reviewed GBP JPY H1 chart it's obvious that we are stuck in range bound formation, trading a break out now makes more sense. I'm somewhat favoring upside breakout scenario at the moment however I'd be looking to put in pending trades both ways. Targets are on the chart. I don't really like trading break out, but this time this makes sense. Stop loss @ 60 points. {image}Ignored
Dislikedwell looking @ H4 GU now it's pretty ugly, so I ain't taking any trades atm for sure. I entered short previously but didn't like the pa and got out. better luck next time. {image}Ignored
Dislikednot really smarter it's just that I spotted the flip side, previously was bullish also on GU. However that's the name of the game you have to risk and enter the markets, there no point just sitting on the sidelines since then you won't be making any money. So yeah get in get out fast cut your losses fast and hopefully let your winners run for some time. That's the way to get it done.Ignored
Dislikedso therefore GBP USD potential trade setup for next week - GBP USD LONG @ market open SL 4475 TP 4650 - GBP USD SHORT @ 4650-4675 area SL 50 points TP 4325 - if above fails GBP USD short break below 4475 SL 25 points TP 4325 - if we go straight for the 4325 breaking below 4475 early next week - LONG GBP USD @ 4300-4325 SL 50 TP 4650Ignored