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
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.