McDoleChigborogu

McDoleChigborogu

Based on the analysis the although the Pound has gain strength in the past few weeks, I believe it was all part of a major retracement that currently hit its peak. Based on the terrorist attack happened this week I believe the pound has lost the momentum to carrying on the bullish trend line hence why the bearish inside bar formation in the daily chart. This...

McDoleChigborogu

The current trend has managed to hit a swing point above a value area. It currently already started retracing so it a late but safe entry. The Risk management ratio its a 3:1. I've decided to go short due to the confluence of a pin bar previously formed at the resistance zone

McDoleChigborogu

The following trend is currently settling in the support area. Placed a limit buy order at the support line with a 3:1 ratio risk management. The following trend once it hits the support placed in the level of 110.801 will bounce back up just like it did whenever it got to that level in the previous segments.

McDoleChigborogu

USD/JPY is an overall bullish trend, which retraced until it reached a very strong support at the level of 110.170 and bounced back with confluence and its currently heading to resistance level of 115.373, place where I will place my TP. Due to the strong Buying force the dollar has gained my SL will be placed at 111.439 as I believe it will only start to apply...