TIME
GBPJPY - long - The Beast may end the correctionThe Beast may end the correction this week.
My analysis is based on time projections and on important structure observations to the left.
For entry use some price action potentially soon to come (e.g. bullish candle formaion in 4H-chart)
Stoploss 10 pips below that price action signal.
Next target: 154-156 Something is going to happen end of the months around the red vertical line in the target box.
* this is not a trade call!
* it's your own risk which should not be more than 1% of your account in this trade.
Successful $OAS Credit Spread TradeWe opened this position about 30 days ago and played the time premium after the huge up move in oil prices. Our initial risk was $200 for a total collection of $50.