FX:GBPJPY   British Pound / Japanese Yen
Gbpjpy long position


You are trading the counter trend?
IsaacH17 TGuapo
@TGuapo yes sir
I agree but note divergence in rsi helps that view along with very oversold conditions. Make sure trade not entered blindly and you watch price action carefully for test and retest, as yesterday's 13000 was a major trend breach which took 7 hours to break in small price range now that is stubborn buyer not letting go! Why? Somebody filled all buys at that point for the options bet for the market to go lower? Lol! and now going lower than 12960 is even stronger trend breach on the daily...Let's see
@Dips007, yeah wait for a nice shill candle to form then enter to be safe and let it bounce off the trend also.
Dips007 Nabeelhafiz
@Nabeelhafiz, I would wait for retest of that daily trend line that is already breached it may be a fake breach, look for evidence of trend continuation downwards or another breach upwards with confirmation to enter. I don't don't care which way market goes but for skillful experienced trader a great set up if you are prepared signs are for a pull back bullish are my suspicions...we will know on Monday
+1 Reply
IsaacH17 Dips007
@Dips007 I agree mate. Just wait for a good strong move to see where market would like to go
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