PriceActionTrading
Long

$GBPJPY BUY AT 200SMA, 178.00

FX:GBPJPY   British Pound / Japanese Yen
108 1 2
CONFLUENCE :
200SMA D1 AND H4 SWING SUPPORT AS WELL AS 178.00 SUPPORT LINE.
PRICE HAS BOUNCED FROM THE 200SMA ONCE, RISING 800PIPS AFTERWARDS.
H4 ALSO SHOWING INVERSE H&S WITH NECKLINE 180.00.

MY INTENTION IS TO BUY AFTER PRICE HAS FAKED THE 178.00 LEVEL.
I.E. GO BELOW 178 ON THE H4 AND SUCCESSFULLY CLOSE ABOVE 178.00 ON THE H4.
FAKING PEOPLE TO TRIGGER THEIR SELL AND TRAPPING THEM.
THAT WILL FURTHER CONFIRM MY BUY TRADE..

MY BIAS ON GBP IS CURRENTLY A BUY.

TRADE INVALID IF H4 SUCCESSFULLY CLOSE BELOW 178.00 FOR TWO BARS CONSECUTIVELY.

D1 CLOSED BELOW 178. TRADE INVALID.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out