Trade opportunities are always popping up left and right! Today we're going to look at a critical level for the GBPJPY pair. We had an excellent trade off of 169.00 and an excellent trade near 165.00...and now we find the market on the pushing price down....
Sells will dominate as long as this line holds, however should we get a 4 hour close above, look for some consolidation or a retest back to the level that was broken and quite possibly an outstanding entry to a trade back into the 170s.
Let's make some pips!
Comment/Like/Follow - If you ever need assistance with trading or anything else, feel free to PM me as well.
i missed the 2nd entry at 167 and wonder should I wait for it to fall back to this level again or take a smaller position at around 168-169 to ride the trend.
the precise buy, profit and stop loss entry is what I want to learn as previous experiences had been less encouraging.