After price pushes back into support and slowing down on the lower time fames its looking to good not to take a trade, so I'm looking at price pushing back towards that 150.800 area atlest and possibly higher.
After letting this do its thing around that support it is shaping very nice and gearing up to make a upside push, so this is another pair that ill be keeping my eyes on early in the week, buy area still stands around 149.500 - 149.700 so I be looking for wicks around that area for a quick move back up.
Both these positions closed at break even now. We got a nice move up last night but couldn't continue that so either we will see more sideways consolidation or price just to push to the downside.
I have entered long trades on gbpjpy as its back into that buy area for me, stops will be moved if we can make a quick upside push.
Waiting for price to come back and reject my buy area of 149.700 for the confirmation to take longs! Price making some nice moves early this week so we could be in for a big one! But as always make sure you have the risk capped and you are sticking to your trading plan.
Ill be stalking the area of 152.750 for possible buy trades if we see more rejection here. Remember to keep a strict risk management plan! Sometimes if I'm placing trades at the same time with same currency crosses for example GBPJPY GBPUSD I will half the risk because if we get a huge weakness out of GBP it can send 2 trades into a loss...if you know what I mean
Looking at jumping on any quick moves out of 152.800, this quick sell off could have just been a fake move to attract more short sellers before making another push up... but am well aware of overall price downside structure so will respect a further downside move as well
Looking for possible trades from a supportive area on GBPAUD and positions taken on GBPJPY like I explained yesterday... Risk Reward is key to becoming a consistently profitable trader.
I always make sure I move my stop loss to entry point to cover the risk when I'm look at taking these aggressive moves. We should see further weakness from the yen which will push us higher on usdjpy and gbpjpy, but as always remember we can see a fast sell of at any time so be smart and don't just by any random pull back, make sure the price action is creating a...
Just a bit of a look at how I trade these pairs when price is on a huge upside move. It can be very rewarding when you get entry's and straight into risk free but remember anything can happen and just cause price is looking so strong, we can get sell offs whenever... its better to be safe then lose.. risk amounts stay the same ALWAYS no matter how good a setup looks.
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Hey guys, quick update on GBPJPY.. watching price very carefully now.
Looking at buy positions on GBPJPY, getting very interesting at that support area! Remember risk reward and risk manage!!!!
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Fundamentals Key Points: 1. Markets are expecting UK Inflation to overshoot the central banks' 2% target and reach 3.35% in the coming years. 2. UK 10 Year Bond yields have been rising as a result of high inflation expectations. 3. Against countries like Japan, Switzerland & Germany the UK 10 Year Government Bond Yield is more attractive for investors...