My exit was at 1.2627.But I'm only looking to collect about 20 pips max.
It's here @ 138.31 where I see GBPJPY possibly beginning its fall, provided it can remain below 138.37.I see gbp falling further for now.
target is 1.2257I closed the remainder of my gbpusd manually and went short @ 1.2625 targeting 40 pips.
you got gutsI see support for GBPUSD around the region of 1.2600 to 1.2615 so I entered a long position here. But I'm only looking to collect about 20 pips max. GBPUSD will not be a swing play for me.
not much of support...may fall through it 50-100 pips down1.2600 to 1.2615
this is what I saidcable gbp/usd is very likely to hit 1.2622
it is in a trading range on the hourly.
trading a morning star, without prior bullish strength in a tight bear channel, is trading a set up with total disregard to the context it appears in.
it is possible you know something i do not know but just thought i would point out my view