GBPJPY 550 pips Range!

10 Dis 2017

This week Hot Pick is the GBPJPY! Pretty simple setup. This market has formed a double top at a strong past support becomes future resistance. In addition, looking at GBP crosses, I anticipate the GBP weakness for this upcoming week. However, due to heavy fundamental announcements this week, I am looking to reduce my normal 1% risk to 0.5% risk per trade. I am looking to enter short at market open with my stop at the red dashed horizontal line. One could also wait for the red counter trendline break before shorting.

11 Dis 2017

Dagangan aktif

I entered at market yesterday after spread stabilized @ 151.98 with 0.5% risk. I will look to add into position at a lower high.

12 Dis 2017

Nota

I am looking to add another position after this 4H candle closed

15 Dis 2017

Nota

Expect a small pull back and I am going to size in my position

2 Jan 2018

Nota

Market pulls back as expected. It has taken out a low and forming a whats-called a king's crown pattern and its now holding at the right tip. I am holding my trade

10 Jan 2018

Nota

I am still in~