Despite being stuck in a relatively tight zone we have been rejected when attempting a longer term bullish trend. We're now sitting at tenken sen and getting rejected so far; a break down below price structure where I've placed my entry could lead to a nice bearish move, especially if we can break previous price structure lows. If you look to the left you'll see...
The Breakout Opportunities system has just sold GBPJPY at 145.667. The system recommends entering this trade at any price between 145.358 and 145.814. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.318, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour...
We can see that price is at a good support zone on the 4H chart and on the daily chart price has been consolidating, ranging or just moving sideward for weeks, all this makes this a good strong setup in our eyes for a bounce and bullish movement up to our green resistance zone.
If this trade plays out you could bag yourself 150+ pips, not bad for a snack ;p
But...
BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Price has been in a down trend as indicated by the lower highs and the descending trend line...
After the minor support broke, price moved down then pulled back and tested the 50.0 / 61.8 fibo levels of the bearish move plus printed a sell signal (hanging man)
I am shorting at market price 145.396 and
SL above highs @ 145.766 and
TP lower around support @...
The Breakout Opportunities system has just sold GBPJPY at 144.284. The system recommends entering this trade at any price between 143.968 and 144.836. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.336, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour...
Hello Traders,
After the break on the bigger structure in GBPJPY, we have set our eyes in a potential short position, with a second correction settled, now will be the perfect opportunity to enter, but, before doing so, we would like to see the 3rd touch in the correction, followed by a Doji or some kind of retracement in the 15/30M charts.
We have our eyes set...
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