Just providing an update to my swing trade:
I've been holding since last Monday and i've got one position still running as the other one hit TP1. As you can see, we've broken 154.800 but GJ has gone up (this may be due to GBP strength as GU also went up, but it could equally just be a retracement). I shall keep this position running (SL moved to breakeven) and look to place more sells if it continues to move upwards. Got about 100 more pips to go until TP2.
So far, GJ has been respecting the trend really well. Hopefully it continues to do so.
I've been holding since last Monday and i've got one position still running as the other one hit TP1. As you can see, we've broken 154.800 but GJ has gone up (this may be due to GBP strength as GU also went up, but it could equally just be a retracement). I shall keep this position running (SL moved to breakeven) and look to place more sells if it continues to move upwards. Got about 100 more pips to go until TP2.
So far, GJ has been respecting the trend really well. Hopefully it continues to do so.
Comment:
High impact news for JPY at 00:50 GMT, predicted to be worse than expected so we therefore might see GJ spike up.
Comment:
Price consolidating around 155.000
Comment:
Price reached 155.300 (6.14 fib level) before dropping hard. it dropped almost 100 pips before bouncing off of the bottom trendline (not visible on this chart). We will see it either come back up or break the structure and finally head down.