I'm Sam. I'm actually new to forex and only really started getting into it about last month, so have been trading for a month now and safe to say I did have a profitable first month, I know a lot of people find it hard to get started, and don't usually start with profitable months, however that's not something to be happy about straight away, because who knows if it will be consistent, could just be a false breakout.
See I'm so into forex I'm using forex terms to describe my daily life, need someone to support me through this.. ahh I done it again.
Nevertheless, I know this community is full of beginners, and also experts, so lets connect. It's always good to have a skillet, but its always better to combine a your skillset with another persons, why? Because it means you give yourself a broader capacity for learning. I'm no expert but some trades I have posted have been profitable & some have not. But we always take losses to help us learn to win.
Regardless of all of this we have GBP/JPY here. This is one of my favourite currency pairs to date... (not literally, I mean like till now)
But as you can see it has rejected the hourly resistance 6 times, and I feel like it may do again for this hour too, before dropping. However if there is a breakthrough, I think this time it will hold and go to the 134.000 mark before the bears re-enter the market. However, since it has rejected resistance 6 times, I feel more confident that it will drop before breaking the resistance and it will drop to at least the 132.000 mark or maybe a bit higher. But this is definitely one currency pair to watch.
Let me know what you think of this analysis, as again I am new to forex so I may be missing something.. also if you're new to forex or are still learning lets talk.. the more ideas we combine the higher we can strive in these markets!
@Billygreenwood aha went up higher than I thought to be honest, I thought it would retest after 134.000 but it’s just going higher and higher 👋🏼
Dips007Trading
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Hi, welcome. My tips for you is don't follow the herd in here examine others analysis to see if it complies with your analysis. But do yours first independently then look here and take on board others view points.
Market will do whatever it wants even when top analysis is here.
Best wishes and good luck
SJFXT
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@Dips007 thank you for that! Really does help! And yes you aren’t wrong! I wish you the best too! 😌