once a move to the downside is seen, expect bullish movement in key zone marked, if this fails to materialise, buys should be taken up upon touch of bullish trendline. jpy early hours news on 27/7 may affect this pair
Anticipating a H&S formation off the supply zone 136.2
You could take this trade earlier near the sell zone - but looking at the 4h candle shows some bullish reaction and may suffer some drawdown. GJ moves quick.
My strategy would be to enter 0.5% on the Sell Zone and 2% on the Supply area marked up. SL above previous high
Moving stops to break-even once the...
Here is my prediction for GBPJPY for this week, with the UK economy set to open later on this week, i believe the market will move itself higher in order to kickstart a uptrend before next week when the UK economy will be in full flow.
However before rising i do feel that GJ will touch/kiss 131.500 before then shooting back up to 133.000. This will be a good...
Probably like a lot of you..
Ive only been trading for about a month, since sitting at home and getting bored pretty much. But i didn't just get into this without knowing anything,
I done my research and took my notes (Didn't buy a course/ don't have a mentor) - Had my first profitable month and also blew my account. All so quick eh?
What can we do?...
Predicted the movement on GJ too. Still waiting for price to react with the level of 138.000. Before either bouncing up or breaking down. We have to watch this pair for the next few hours also, atleast until New york opens, even though i doubt that will have an impact, nevertheless, you never know.
Let me know what you guys think :)
So This Is One Of My Favourite Pairs.
It's Also The Pair That Blew My Account Last Week.
Now GJ could go one of many ways this week. Let me give you my analysis for this pair.
This upcoming week, retail stores and major brands will be reopening from Monday, this may increase the value of the pound and get it back to a position it was before a lockdown was...