Hi Traders,
Today I take a look at GBPJPY For an easy short setup, I see that price is approaching a resistance on the 4-hour time frame, I Would like to see price push up before potentially shorting.
This would be a simple Break and retest trade with anticipation of the continuation.
This trade would be simply following the higher timeframe momentum, With everything falling right now and the FOMC happening, later on, I would rather stick to the trend, If price does not push into resistance and decides to drop from here I will be back tomorrow to re-evaluate the trade idea.
Be safe today as we can expect a lot of false signals and a lot of fake-outs happening as we wait for the fed to Hike Interest rates.
Renaldo Philander
Today I take a look at GBPJPY For an easy short setup, I see that price is approaching a resistance on the 4-hour time frame, I Would like to see price push up before potentially shorting.
This would be a simple Break and retest trade with anticipation of the continuation.
This trade would be simply following the higher timeframe momentum, With everything falling right now and the FOMC happening, later on, I would rather stick to the trend, If price does not push into resistance and decides to drop from here I will be back tomorrow to re-evaluate the trade idea.
Be safe today as we can expect a lot of false signals and a lot of fake-outs happening as we wait for the fed to Hike Interest rates.
Renaldo Philander
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.