Good Morning Everyone! I am looking at GBPJPY right now and waiting for the London open to take out the New York Session Low from yesterday. Once it takes out the low, we can see some bullish momentum towards the London Session High from yesterday session as well. GBPJPY Daily is bullish and we are moving in an uptrend right now. My target is the next major QP which is 140.550. Let me know what you think about this analysis! Thank you and happy trading!
I had a heavy losses during the New York Session as just like you I thought is going Long, but others suggest Bearish direction as the trend reached a strong resistance level on the daily chart.
NeverStopDreaming
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@HrystiK, I usually don't trade New York session because of my work schedule. But, during New York I always see a reversal back to the average price range before London Open. I see it going back to the upside because London created the last High and pushed it above the previous high.
@HrystiK Well it did go up and I could’ve got a 1:2 RRR but I was at work and it retraced back to the average price it start near. Next week might be some bullish action.
Helena_FX
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@NeverStopDreaming, I was also at work but managed to get 80 pips total from 3 buy orders. Leaving it for now until next week. Good luck.
NeverStopDreaming
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@HrystiK I just looked at why I didn’t get it and I put my Risk to Reward on the hourly by accident and not the 15 minutes chart where I put the entry 🤦🏾♂️