GBPJPY - Engulfing on Supply Level - SELL
Hi traders,
I found an engulfing candlestick pattern confirmation on a supply level. I take a SELL trade on this.
I place a SL just above the high of the confirmation candle.
Entry: 134.244
SL: 135.908
TP: 128.106
On the way to the target are 2 weak demand levels, bur I belive they get broken. I'm giving daily updates on that trade. Stay tuned!
Please always use proper money management!
I recommend a max. risk of 2%
I found an engulfing candlestick pattern confirmation on a supply level. I take a SELL trade on this.
I place a SL just above the high of the confirmation candle.
Entry: 134.244
SL: 135.908
TP: 128.106
On the way to the target are 2 weak demand levels, bur I belive they get broken. I'm giving daily updates on that trade. Stay tuned!
Please always use proper money management!
I recommend a max. risk of 2%
Comment:
Hi Traders,
Second halve of last week was really turbulent. We didn't reach the final target, but we banked some profits (more than 300 Pips)
Second halve of last week was really turbulent. We didn't reach the final target, but we banked some profits (more than 300 Pips)
Little update: We catched now nearly 300 Pips, and I see some support on the demand zone. Let's bank some profits and let it run.
Hopefully we can reach the final target soon!