See daily chart of GBPJPY below for the discussion that follows.
GBPJPY is on support. I would like to see price retrace just a little more into the zone. If this happens, I will consider going long if I see bullish candlestick price action.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
