HiTech
Short

GBPJPY NO SIGNS OF STRENGTH

FX:GBPJPY   British Pound / Japanese Yen
430 18 4
Downtrend trendline bounce followed by a lower low as well as channel breakout pointing of the very week GBP against the JPY.
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Sorry for my English I used the translator, I found different the way you draw the fibo ... what criteria you use to draw?
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I concur with the strategy, much more downtrend on the cards
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HiTech Realisto_FX
what you see as a target?
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it´s open while price is below the cloud. I usually don´t set an specific target, but instead moving the stop to lock in profits . However if it breaks 200DMA probably we will see a re-test of 176.5 demand zone, consolidation and 170 next
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HiTech Realisto_FX
you are looking quite far ahead.. not something I am doing :)
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Yep, I manage an institutional fund, so approach is different :-)
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HiTech Realisto_FX
you must be paying a lot of attention to fundamentals?
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Not necessarily for every trade, fundamentals are already inherent in the technical trend. And sometimes technical factors warn of a fundamental mean reversion. But if you combine both, you will excel :-)
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HiTech Realisto_FX
I have the same view on this :)
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jangseohee Realisto_FX
looks like a Triangle
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