I'm Sam. I'm actually new to forex and only really started getting into it about last month, so have been trading for a month now and safe to say I did have a profitable first month, I know a lot of people find it hard to get started, and don't usually start with profitable months, however that's not something to be happy about straight away, because...
This is why i love trading, i can find setups that will earn money whilst i top up my tan, what more could a woman want?
Looking at my chart this setup is pretty self explanatory, we had the 3rd touch and bounce which produced 170 pip bearish run, and now we have had the 4th touch break and retest, my target area is 200+ pips away from where price closed on...
Expecting a rather large drop on GJ but I will remain patient and allow the market to tell me the direction it is going in. If we get a break below this box followed by a retest I may be looking for a sell if I get confirmations around the area.
Please visit my links below for free valuable information!
. There is a possibility of temporary retracement to suggested support line (131.96). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. GBPJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
As we can see the momentum of this market has been bearish we have had BOE on the news this morning pushing the pound up I have set an entry at 1.32 which has now triggered currently running in profit I am aiming to break the 1.30 area if we can break this area we could potentially fall to 1.28 let’s see what happens The Fibonacci set up is basically indicating...
Failed to break through (see circle). We see many long wick candles and then a colour change, GJ is coming down to at least TP1 which it has been going closer and closer towards. It will break the 132.000 and carry on.