Hello traders,
As for the upcoming week, I'm looking to short GBP/JPY. I actually did enter a 0.20 lots yesterday (7 hours before market closure) and caught about 55 pips. Reason is because market manage to break recent minor support and successfully re-tested the support which then became resistance.
Now I personally believe that price is in a clear downtrend where the next support level is @ 137.400 . Therefore, I am only looking for sells on GBP/JPY and will only enter when the trade meets at least 2 out of 4 of my rules/requirements.
When the rules/requirement are met. I will enter a sell position at around 138.95 (which is also my fibonacci retracement golden zone) creating a very good risk to reward ratio.
Disclaimer:
All analysis are based on opinions and no strategy are 100% guaranteed to not incur any losses. Trade at your own risk.
As for the upcoming week, I'm looking to short GBP/JPY. I actually did enter a 0.20 lots yesterday (7 hours before market closure) and caught about 55 pips. Reason is because market manage to break recent minor support and successfully re-tested the support which then became resistance.
Now I personally believe that price is in a clear downtrend where the next support level is @ 137.400 . Therefore, I am only looking for sells on GBP/JPY and will only enter when the trade meets at least 2 out of 4 of my rules/requirements.
When the rules/requirement are met. I will enter a sell position at around 138.95 (which is also my fibonacci retracement golden zone) creating a very good risk to reward ratio.
Disclaimer:
All analysis are based on opinions and no strategy are 100% guaranteed to not incur any losses. Trade at your own risk.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.