Hey Rich Friends,
This is only a technical analysis so make sure to check the news and any other indicators on your chart for additional confirmation.
I think GBPJPY will continue to buy this week and this is what I am looking at.
- The candles have already tested and rejected a previous demand zone.
- The Momentum indicator is currently facing up and positive
- The STOCH is facing up, the fast line (blue) is above the orange line (slow) and has crossed above 50.
You can wait for these additional confirmations before entering at Market Execution:
- Wait for the current or next candle to cross and close above the 50 EMA.
- Wait for the slow line (orange) to cross above 50.
I will entering at Market execution and also setting a buy limit in the demand zone. My SL will be a previous low and my TPs will be previous highs.
I hope this makes sense but we will see what happens this week.
Peace and Profits,
Cha
This is only a technical analysis so make sure to check the news and any other indicators on your chart for additional confirmation.
I think GBPJPY will continue to buy this week and this is what I am looking at.
- The candles have already tested and rejected a previous demand zone.
- The Momentum indicator is currently facing up and positive
- The STOCH is facing up, the fast line (blue) is above the orange line (slow) and has crossed above 50.
You can wait for these additional confirmations before entering at Market Execution:
- Wait for the current or next candle to cross and close above the 50 EMA.
- Wait for the slow line (orange) to cross above 50.
I will entering at Market execution and also setting a buy limit in the demand zone. My SL will be a previous low and my TPs will be previous highs.
I hope this makes sense but we will see what happens this week.
Peace and Profits,
Cha
Comment:
TP 1 was hit! +50 PIPS Secured.
Peace and Profits,
Cha
Peace and Profits,
Cha
Trade closed: target reached:
TP 3 HIT! 150+ PIPS SECURED
Peace and Profits,
Cha
Peace and Profits,
Cha
Comment:
This trade still going crazy!
Peace and Profits,
Cha
Peace and Profits,
Cha
Comment:
Peace and Profits,
Cha