a.h1979
Short

short trade on GBPJPY

FX:GBPJPY   British Pound/Japanese Yen
52 10 3
a year ago
short from zone 186.20 185.79 target zone 184.323 - 184
a year ago
Comment: price hit target as expected at 182.70
CharlieFx96
a year ago
Great!!! To also mention (HEAD AND SHOULDERS PATTERN) Starts just from the yellow bottom box at around 26ish November -- Peak of head at 188.795 then right shoulder @ 186.208 >> you can extend you're bottom yellow profit target box to >> 182.830 as a 1st Take Profit Target! >> Second Profit Target @ >> 181.885... Well done, Thing is Peeps reguarly get confused when when they see this sort of market movement!

As for your profit bot on the bottom blue line >> Use this as a confirmation and if price breaks below and closes below it, then go for target one or 2, you could then adjust your stop loss to >> 185.115 and ride the pattern.

Round off, Nice chart, just minor inprovements!

Great Work, and all the best for this trade!

CharlieFX
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a.h1979 CharlieFx96
a year ago
Thanks for the support and clarification :) and am looking for your comment on my GBPAUD chart i will publish now and am confused about it
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a.h1979 CharlieFx96
a year ago
just published the idea about GBPAUD
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a.h1979 CharlieFx96
a year ago
trade hit target as plan :) any advise ?
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CharlieFx96
a year ago
No Worries! If you bear in mind the use of technical indicators.. such as MACD, Stochastic or RSI 14 or 7, you can get a better view on the market, for instance if price on the RSI or STOCH diverges from the predominant trend, then it gives you a quick idea that the market trend could possibly reverse! This in turn gives u a better success to enter the trade as it starts to form a new trend..

CharlieFX
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a.h1979 CharlieFx96
a year ago
in your opinion RSI 14 or 7 gives your more clear picture of the possibility for reversals ?
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CharlieFx96 a.h1979
a year ago
I Use 3 time-frames per PAIR ,

4h as my main, then 1hr to see a closer picture. Then I use the 30m to plan my entry and exit points.

The reason I personally choose the RSI (7) is because, I am using a 30 Minute chart to plan my trade and the indicator is not lagging behind too much (like a RSI 14 does)

Use the 7 for a lower time-frame (1hr & 30m for example), but for the 240m use the 14..

CharlieFX
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a.h1979 CharlieFx96
a year ago
the same I do, i look at 4h to spot support and resistance D1 to confirm the points and for entry either 4h or 1h and if to use RSI I use it on 14 i might try the 7 on 1h :)
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CharlieFx96 a.h1979
a year ago
Cool! Just don't use the RSI 14 on a 30m Chart or 15m, You'll be too late on the entry of your trade. You don't want to be in a situation where the "boat" sails and you have to catch the "next one"

Keep it up buddy,

CharlieFX

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a.h1979 CharlieFx96
a year ago
agree with you :) and thanks again for your support
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