Hi Traders, I'm here to help improving your trading skills with my ideas to see the market from sombody else's mind. I see a strong uptrend on H1, H2, H4. The price broke 50EMA upwards at128.716, that confirmed the uptrend. After consolidation, price broke upwards from the last consolidation area at 134.000. Closed above it. Now i go long. I put my stoploss at...
GBPJPY Looking like the bulls are still in control. I wanted to see a bigger retracement to the downside giving us a cleaner entry for taking a long but that didn’t happen. When it comes to trading you can’t force things. You need to have a trading plan because failing to plan is planning to fail and more importantly you need to STICK TO YOUR PLAN. It does look...
GBPJPY Looking very interesting, I would have liked to see GBPJPY come a bit lower and reject off the 61.8 fib we got close but we technically didn’t reach it. Similar to the gold long last week that I was looking at we seemed to have rejected right before it. I am keeping a close eye on GBPJPY for possible longs soon I believe we could push up to around 134. As...
We saw that the trade did not go as we expected , but now I am waiting for it to finish the pullback at around the marked area and if we see that there was positive price action moving our way , we can enter the trade. I have set a buy limit at that point , so you can expect the trade to happen at any point soon Buy Limit : Entry : 126.955 S/L 126.428 T/P 1...
GBPJPY GJ is developing really good. We need to be extra patient with this pair right now, it’s too early to make a decision. We need to let it play out a bit more. If support can hold we could see a big push to the upside, that being said if we can see a big break below support we could see a violent push to the downside.
GBPJPY reversed off its resistance at 130.689 where it could potentially drop further to 126.582. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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pound- Yen has a rejection of the fib level 786 and we expect a natural retracement to hit the -27 level of this ABCD trade. Our tp area is in the 137.000 zones. it is a range of 230 pips. we will monitor this trade. used RR: 1:5