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Welcome to our weekly trade setup ( GBPJPY )!
-
1 HOUR
Bearish price action and closure below main sr level.
4 HOUR
Overall bearish moving market structure!
DAILY
Exoecting more pressure towards previous support zone .
-
FOREX SWING
SELL GBPJPY
ENTRY LEVEL @ 140.650
SL @ 141.280
TP @ 139.730
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
-
1 HOUR
Bearish price action and closure below main sr level.
4 HOUR
Overall bearish moving market structure!
DAILY
Exoecting more pressure towards previous support zone .
-
FOREX SWING
SELL GBPJPY
ENTRY LEVEL @ 140.650
SL @ 141.280
TP @ 139.730
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Trade active
Comment:
Comment:
Comment:
Trade closed: stop reached:
Closed with -60 Pips (-0.50%)
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🔥 SHOW US SOME LOVE
Top 3 Donations:
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(1900) Lukikum
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Comments
The technical part was correct, but the fundamentals kicked in and ruled us out. No worries, many more opportunities ahead!
Reply
Still think your right here, the move up was an SL Hunt taking out the UTAD high from the last drive. Elliott daily suggests a pullback from 3 high to 4 which is around 138.80. All lines up with stochastics and sentiment as well as the COT data. We should see a short from here now. 141.65 level.
Reply
