The dropped in price was expected but find that a somewhat surprise dropped could be due to motivate by news. Not a news trader nor based on any releases of results by financial. As previously mentioned, the sellers and buyers are adjusting their position that's because of bullish and bearish traders is in a mixed. News is always a late indicator prior to a falling price that's because price shows before a negative news would be released. There are reasons to tell about the coming falling price and rising price.
I'm bullish on GBPJPY and revising the price closer to 159. As always, if you notice usually given price is a whole number and seldom in decimals or exact figures. For some reasons.
As a rule of thumb, given price in comments are work around an idea where the buying and selling will be and this protects the public from getting squeeze out of their position or taking bigger than expected risk.
Always trade the amount of loss which you are willing to absorb. Do not look at the profits in numbers, take care of your risk and the gains in pips will come. Pips is more important than gain in dollars.
The next week would tell more about this pair ending in a bullish candle but lower wick than this week candle.
I'm looking forward on next week without guessing and know that I can be wrong.
please do not take a trade without considering the risk in dollars.
I'm bullish on GBPJPY and revising the price closer to 159. As always, if you notice usually given price is a whole number and seldom in decimals or exact figures. For some reasons.
As a rule of thumb, given price in comments are work around an idea where the buying and selling will be and this protects the public from getting squeeze out of their position or taking bigger than expected risk.
Always trade the amount of loss which you are willing to absorb. Do not look at the profits in numbers, take care of your risk and the gains in pips will come. Pips is more important than gain in dollars.
The next week would tell more about this pair ending in a bullish candle but lower wick than this week candle.
I'm looking forward on next week without guessing and know that I can be wrong.
please do not take a trade without considering the risk in dollars.
Comment:
The buying just kick off.
