Hi
Seildev here.
Area of interest 143.443 ~ 144.000 for short term sell (next week or two). And at 140.65~ 140.9 we'll be looking for a buy again.
- Fib at 50% @ High 10th/May/17 and Low 14th/Apr/17
- Another 50% Fib @ High 31st/May/16 and Low 7th/Oct/16
- Forming a classic ascending triangle
- Structure shows 143.75 to be a key level that acted as support and...
Hope you all had a great weekend. Looks like our active trades are making great progress to start the week, so let's try to keep the momentum going!
The GBPJPY pair has been up trending on the Weekly chart since 3rd October 2016 and we can see price has touched down on the lower uptrend level a few times since then and has respected this trend line. Most...
Our preference: sales position below 141.20 with targets at 139.50 & 138.10 in extension.
Alternative scenario: in excess of 141.20, aim for a continuation of the increase with 141.80 & 142.65 in line of sight.
Comment: as long as 141,20 is not exceeded the risk of a depression of 139,50 is important.
If we look at the GBPJPY pair, we can see they have broken through the trend line, and have now made a move lower. The pair have been consolidating, and soon we could see another move lower. I will wait for a break below and close below before entering.
Hey guys,
very few trading opportunities today on my radar. Here is one of the most interesting, we're on the daily chart and it's clear to everyone that we're about to make a decision. The structure you see looking left seems very important, and also the RSI way overbought make me think it's going to reverse. Nonetheless, you don't want to short such a trending...
This pair may keep going up until it hits the major resistance as it has on numerous occasions as you can see by scrolling to the left. I feel as if it will break down before it hits the resistance level but we will just have to watch. Good luck.
Hi Friends, as you can see that GBPJPY is in pressure from last week and now I think I will break the falling wedge If it breaks and close in a BEARISH below the RED ZONE it's a good opportunity for a short here with target of 50.00% Fibo Level.
Good Luck.
#TRADEATYOUROWNRISK
#MONEYMANAGEMENT
GBPJPY easy setup as you can see on chart
I will be shorthing breakout previous resistance (support now) and
trendline break, which will lead into making new lows
Do not forget to trade with proper RM/MM and caution.
Good luck guys.
