I think we might see a 300pip move soon

The Sterling crushed the Yen last week with it's inflation news and a hint about an upcoming rate hike, If this consolidation sees a bullish breakout I think we can break 152.000.
And if 152.000 breaks I think we will see 154.000 in near future

Trade ist aktiv:

4H candle closed above rectangle, I am now in the trade

Kommentar:

we are well on our way now, 146pips as we speak from the 4H breakout

Trade geschlossen: Stop wurde erreicht:

Moved my stop to break even and got stopped out. Maybe I was too confident on the TP... Now we can either see a new push up from trendline or a retrace.