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GBP/JPY Stop Run Reversal April 16th 2012

Live Forex Trade – GBP/JPY Stop Run Long

The GBP/JPY gave us a nice stop run reversal at the end of what looked like the third push to the downside. I decided to close the trade sooner than I was originally anticipating, and managed a nice +40 pip profit. Although this could be the end of the previous weekly push down, there are still some unanswered questions which has led me to play it safe on this trade.

MAKE FULL SCREEN FOR EASIER VIEWING:

If we are going to begin to see the GBP/JPY cycle to the upside then we should expect manipulation down out of the accumulation seen at the end of the video. If this shows itself clearly it would offer a nice day trading oppertunity to go long for the next push up.

Happy Trading

Sterling

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