Hello all
Following last weeks short that played out well, now it has broken through the trend line, i expect it to follow the route i have mapped out for it on the chart.
To head lower to ultimately get to 6750 as it cycles lower.
If it breaches and closes below 6500, we have a bear market (however thats a long way off and we don't know until it prints beloiw and retests it)
I have taken this trade however do expect it to potentially pull back first thing tomorrow before heading south soon after.
I have set a sell limit slightly higher to get me in on a second entry. (around 7410)
Depending on the BOE tomorrow lunch, this could plummet.
Trade safe and thanks for reading
Duncan
Following last weeks short that played out well, now it has broken through the trend line, i expect it to follow the route i have mapped out for it on the chart.
To head lower to ultimately get to 6750 as it cycles lower.
If it breaches and closes below 6500, we have a bear market (however thats a long way off and we don't know until it prints beloiw and retests it)
I have taken this trade however do expect it to potentially pull back first thing tomorrow before heading south soon after.
I have set a sell limit slightly higher to get me in on a second entry. (around 7410)
Depending on the BOE tomorrow lunch, this could plummet.
Trade safe and thanks for reading
Duncan
Trade active:
Hi All
Trade reacted well to dynamic support which has now turned into resistance. Lets see how tomorrow plays out, i think on the open it will drop lower in line with what we say with JPY pairs today. = potential for some profit taking so i expect it to close the gap over Tuesday into Wednesday and then continue lower.
Trade reacted well to dynamic support which has now turned into resistance. Lets see how tomorrow plays out, i think on the open it will drop lower in line with what we say with JPY pairs today. = potential for some profit taking so i expect it to close the gap over Tuesday into Wednesday and then continue lower.
Trade active:
Hi All, trade is playing out well, I do expect another pull back soon, however with the strength of how Tuesday closed, it could jump lower without any pullback
Trade active:
Hi all, I am trailing my stop on this now on the 1 hour chart as I think it could pull back tomorrow after seeing some bullish price action in JPY pairs. I do expect USDJPY to continue lower so will monitor,.
Trade closed manually:
Hi all, I closed my trades at 7241, I'm expecting it to go back to the 7290 area before moving lower again - where I will enter short again
Trade active:
Hi all, i had a sell stop at 7185 which triggered this afternoon the same time Gold went long. managed to get a 1.25 : 1.
Trade closed manually:
HI all, should have said trade was closed on the 14th of may as well
