Hey Traders,
In this educational video we will assess another rampant YEN pair and where we are looking short for safer entries based on DCA rules.
It's important to lower size and not go nuts because you THINK the price will stop.
It is important also to have a natural bias for value.
Watch for more and post Qs below.
For more detailed daily analysis, go ahead and click the follow button.
Here we have our GBPUSD chart.
After hitting our previous targets, we are now looking to take the GBPUSD long again. If you are wondering why, there is several reasons which are key factors and which you should use in future trading strategy.
We are at a point of previous price rejection....
What do we mean by waiting for confirmation candles? SHOOTING STARS OR CANDLES OF INDECISION before taking any trade. Zone to zone papii!.... if you cant map it out, don't take a trade! swingtrading
DXY looks ugly on weekly ( check that last week rejection Thursday/Friday mostly based on Dovish FED ) but that might be last chance on daily to stand up and fight at the bottom of that channel on daily chart ?
![DXY: DXY [Daily] Are we going to respect that channel ?](https://s3.tradingview.com/p/pZs4RCbR_mid.png "DXY [Daily] Are we going to respect that channel ?")
![GBPUSD: GBPUSD [Intraday] 1,30 as key, bears targeting 1,2650](https://s3.tradingview.com/a/a0UtCfGf_mid.png "GBPUSD [Intraday] 1,30 as key, bears targeting 1,2650")