Looking at this pair and the BXY, DXY and Bonds I can determine that technically we should rally up to the major trend now, however, due to much volatility and tensions between NK and US we could see rallies for all JPYs and USDs pairs. We will need to play safe.
Please comment your thoughts
I wanted to show everyone who´s following me what my strategy is about.
These last four trades I have entered were positive. Yes, I need to pay attention to my drawdown but hey we are trading GBPJPY should be consider a normal drawdown to this pair.
These trades are based on Order Blocks to execute, key levels to support and resistance in horizontal...
This is not a trade.
I have been asked how I do my trades, well see image above.
Is a very risky trade, I dont use many things buy my S and R, price action and for indicator, well, a custom RSI.
Please share your thought. And yes I have lose trades by performing this strategy.
You may know I have been followup exclusively this pair. Ir actually hit all my targets and seems to continue to do it.
Note: This is not a trade. Please share your thought in the comments.
See previous Charts
After a huge break down to short for about 70+pips from support we have finally got our reward from our last blue arrow for about 250+ pips and more, after this retest I believe we are going up up up and up.
Note: This is not a trade setup.
As for the GBPJPY I'm currently still learning and studying from all my three pairs, since I'm currently trading one and following 4 including DXY I have decided to start trading this pair too with a different strategy from my style, is quite the same but way simpler.
Please note this is not a trade, I want your thoughts and opinions since i'm still...
Updating last charts, I found right before last chart I submitted that it was possible for it to continue to fall.
Please note this is not a trade, and disregard the blue arrow.
My thought why it went down: War war war and trump.
We know that major conflicts are coming to the world, add to this a losing strength from DXY probably making most JPY pairs do what they want. At this point I don't know if it going long or now but we are really in a critical support zone coming from months ago.
Please add your thoughts.
This is not a trade.
If you have been following my last two updates then you should have expected to reached one of my yellow boxes for a mid-long term.
We have now reached our target. We will now expect new things to happen and continue to study GBPJPY.
From my latest idea, I wanted to add an update with a clear view with more items I have added.
Please check my old idea and please comment.
I'm still hoping for it to get to any of my yellow boxes, to be honest, waiting for a long, but I've been catching 500+ pips from this ranges by using my kill zones.
Don't use this for you to take a trade, I'm still learning
I'm looking for by Yellow boxes now. I've been learning and trying to understand how price goes, my learning have hit all my kill zones and levels, nothing is named.. Please judge, I'm trying to gain my confidence, I will highly appreciate your knowledge.
I really think that mastering one pair will get success for all other, not looking to get all pairs but one...