This is a very decent place to enter for a short position. Please put your stop lost MAXIMUM at 1.30072 so you are not exposed to a lot of risks.
The best Idea to play BOJ and FOMC from a risk-averse perspective is to own both in a Long Straddle Strategy Dynamic Straddle: Long USDJPY & Short GBPJPY - TP from volatility & Event likely hoods TP levels = cannot be greedy else you may miss one trades exit point so <25 pips when it goes in your direction for each - total TP = 50pips as 2*25pips Reasoning...
After a very good downtrend channel being followed by this pair and hitting about 4-5 of my targets including the final target of 112 (been waiting for this level since December) has been hit. Now i am expecting a possible retest of the 112 region then a bullish move to the upper downtrend line. If nice opportunities do show up will short, preferably to my first...
I'm looking for price to pull back into the first test of a Drop-Base-Rally on the 60 min. Price is also forming a Pennant pattern. Price has been pretty bullish the last two weeks. I'm looking to get long around 1.1095, stop at 1.1065, and I'm looking to take profits around 1.1315. Good luck trading out there.
EUR/GBP is pointing heavily towards the downside. MACD is making slighty lower lows, despite the price rocketing. RSI is confirming room to decline (A), bounce (B) and further decline (C). We have a decent trendchannel, with 2 fake breakouts, meaning the 2-try rule is in place (bullish failure), which should result in further decline. Our trendchannel finished...
2 major and 3 minor fib levels at about 1.16 if we reach 1.1490ish or even the lows at 1.1460ish -> look for lower timeframe buy entry at this lvl