As I have already had a very good day, I decided when GJ broke resistance to use the 15m timeframe for confirmation, the reason being I had a lot of profits to use as leverage. When support formed on the 15m, I took a buy entry as the new 15m candle broke the high of the previous candle, with stops below that candle. As price went up into 10 pips profit, I...
I had already highlighted the two potential setups, buys were preferred as the traffic above to the left was much cleaner to our target at the next resistance zone. Price broke above resistance on the 30m timeframe and before entering, I waited for support to form on the 15m timeframe. Support then formed so my next job was to wait for a confirmation for my buy...
We already highlighted the possible options earlier. As we broke resistance and formed support, we executed longs with stops below the current 30m candle. Price ran for 10 pips before we secured profits and moved stops to BE. We then got stopped out at BE after that, so it was a good trade. This morning price broke support at 136.050 and we waited for resistance...
Price is moving up so I am taking a long position from here
On the first break of resistance, support wasn't formed and price moved back into the range, as bullish momentum started to appear, we took a buy when the 1h candle broke the high of the previous resistance, to continue bullish, this was an impulse entry as there was very strong momentum bullish. The SL was below the current 1h candle and the Target was the...
💡 Trade Idea 📈 Buy GBP/JPY @ 134.75 🎯 Target Profit 135.82 🛑 Stop Loss 134.03 ❌ Do not risk more than 1% of your account on each trade 🙂 Good Luck!
hey traders, awaiting more confirmation from price action before buying.
Trend is your Friend! 1. One Touch, Two Touch and Third Touch usually completes a Trend. 2. EMA acting as Dynamic Resistance, Buys will have high validity once markets cross over EMA and we have it acting as Dynamic Support. 3. Markets have Bounce off our Golden Fib Zone an Psychological level @ 133.000 where big ...
The medium-term trend for GbpJpy is clearly down with the pair dropping almost 1000 pips from the beginning of the month... However, it seems that this fall has stopped for the moment and the pair has found support just above 133 zone. A short term buy with a target of 135.50 could be a good choice for scalpers
I see a good potential pullback to the point shown in the chart, let's see if it will touch that point or not.
GBPJPY testing a daily support , are we gonna break the support or correct ? rejected the support waiting for good entry for LONGS or short bellow 133.516
Open Position: Buy 134.950 (valid until 22.09.20) Take Profit: 135.987 Stop Loss: 133.923
Hey hey. I've added some fib analysis on the chart. Waiting for a retracement for a potential buy.
4H support is holding. 15m broke above resistance, creating new highs. Looking to buy higher lows on lower time frames
Open Position: Buy 140.503 (valid until 09.09.20) Take Profit: 141.636 Stop Loss: 139.769