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Dave-FX-Hunter
Sep 23, 2019 7:56 AM

Wair for retracement Short

British Pound/Japanese YenFXCM

Description

GBPJPY is nicely reacting in the middle band of long term descending channel and supply zone from where we have seen nice push down last time with notable volume. Im waiting for the the stop hunt of break out traders who entered this morning and they a have their stop losses slightly above the 134.5

For the exact timing of the entries join my on trading room.
See the links in the signature.


DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" or "Comment".
Thank You!

“ENGAGE people with what they expect;
it is what they are able to discern and
confirms their projections.

It settles them into PREDICTABLE
patterns of response, occupying their minds while you WAIT for the
extraordinary moment — that which
they cannot anticipate.”
Sun Tzu, The Art of War


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Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
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DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
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Comment

Still waiting for the correction first
Comments
yves11
Where do you get the information for the banks holding each positions?
Dave-FX-Hunter
@yves11, Im compiling them manually every weekend from the CFTC website. Check my trading plan there I share more about it.¨. Link is in my status.
Yuriy_Bishko
very good observations!
alexeyhoroshunvk
I see You can wait for clear enter point for a long time, I do the same way.
fareedmuhammed
Nice ;)
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