ForecastCity
Long

GBPJPY Intraday Forecast

FX:GBPJPY   British Pound / Japanese Yen
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=133.9.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=134.95.
TP4: R2=135.45.
Set the stoploss of these orders at breakout of S2=133.7.

Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=133.7.
In this situation, there is an expectation to reach the target S3=132.7.
Set the stoploss of reverse orders at breakout of S1=133.9.

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Hi do we expect this to reach TP4?
+1 Reply
@killerhaz, ForecastCity intraday forecasts are so much precise and powerful that you can use them for ordering strategies (pending orders) even for 24 hours!

In this method, by setting the orders in the entrance limit and define TP & SL for each one, you can forget about the market and do your work!

Please read about how to use them here: https://www.forecastcity.com/en/node/178
+1 Reply
Thanks for intraday forecast.
+1 Reply
@fxniki, You're mostly welcome.
Reply
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