Jumping on the bullish trend, broke .72 resistance and may re-test .74.
Long on GBP strength from this mornings news. Half position due to potential of run being overextended. 2nd position will be entered upon confirmation of breaking through resistance.
Another entry to short GBPJPY. Last position was closed out at break even on the pullback - I'm expecting a continuation of the bearish trend after support of 15min is broken around 137.3.
Full position entry on positive news for JPY PPI. Bearish on 15min/1hr/1day and below 20/50 SMA.
This is 2nd position entry. Bullish high base setup, trading over 20&50SMA on daily and weekly. 70 pip SL, 140 pip TGT for .88405. Currently have SL set for 125 pips on 1st position.
Going with the trend. 15min/1hr trading below MA's, USD showing weakness. Stop is above support on hourly.
We can enter longs here asap, risk 0.5% on this position, the uptrend might resume its upwards trayectory here. The previous signal we got in this stock was great, I think we have good odds here as well. Cheers, Ivan Labrie.