This is my attempt at accurately picking the bottom of a very long pullback for UC. It feels like a downtrend, but in reality I think it's a pullback within an uptrend. Therefore, this pair is bullish. Be aware of the very wide SL, in case this entry fails and keeps pushing down further.
This is my attempt at identifying a GJ trend reversal at its early stage. This way the entry is close to the stop loss, making a great risk to reward ratio trade. We're going from bearish to bullish.
I think UC just reversed its trend to bearish. SL at 1.3510.
This is a counter trade and it's risky. The overall trend is bullish, but I believe it's a pullback that hasn't finished yet, therefore it needs to go down before it can go up to make new highs. Don't do this at home
I think GBPJPY overall is on an uptrend, and at the moment has reached the bottom of a tricky pullback. It should go up to 168.90 level to make new highs and continue the uptrend
I saw a very opinionated user in the forex chatroom who's holding a short position on this pair, saying that a) it's on a downtrend and b) it's heading towards 1.3000 level. Although I've never traded this pair before (I'm more of a GBPJPY guy), upon opening the chart and doing some analysis, it made me have a bullish bias and I think it's going back up to make a...
Another pullback for GJ. My prediction is that GJ is gonna open bullish today Sunday, and the current uptrend will resume shortly. If it already opens too high close to brakeout, refrain from buying it because the risk/reward isn't worth it. Even if it breaks the "tight" stop loss, it's still an uptrend. That would mean that my entry was bad, but the direction...
The lower it pulls back towards the Stop Loss, the better to enter. In other words, the scarier it looks and feels, the better. This is a big setup/range to play. Which means the Stop Loss is quite far from taking profit so you have a big gap in between that price can swing up and down. If you can't afford a big drawdown, it's better not even enter the trade....
WARNING: This is a big setup/range at the moment. Which means the Stop Loss is quite wide and the price has all this space to fluctuate. If you can't afford this big drawdown, it's better not even enter the trade. Not worth it to enter with a tight SL.