Bitcoin Trade Review/Outlook and GBP Trade Analysis
BITCOIN: Looking for further bullish momentum, i don't think the Bitcoin run is over yet. However there are signs of a potential pull back (correction) if a pattern is made available we will look to add to our existing long position, then manage accordingly.
GBPJPY Overall bias for GBPJPY is long at the moment, we are looking at 146.000 level for a potential retrace down to previous structure. With long term targets at 155.000 if price continues to show clean bullish momentum, if price decides to push down we will mange out of our existing longs and look for bullish momentum & entry criteria.
GBPUSD I was looking for a nice short trade just a week ago which showed plenty of down side opportunity, however price did not show much sign of bearish weakness this week. Price actually broke out of the weekly trend line resistance providing a weekly close above resistance, expecting further continuation up to around 1.42000
Clarity Traders Methodology:
We focus on the higher time frames for added clarity and reliability, in combination we utilise momentum within a trend and patterns to capitalise on large RR trades.
GBPJPY Overall bias for GBPJPY is long at the moment, we are looking at 146.000 level for a potential retrace down to previous structure. With long term targets at 155.000 if price continues to show clean bullish momentum, if price decides to push down we will mange out of our existing longs and look for bullish momentum & entry criteria.
GBPUSD I was looking for a nice short trade just a week ago which showed plenty of down side opportunity, however price did not show much sign of bearish weakness this week. Price actually broke out of the weekly trend line resistance providing a weekly close above resistance, expecting further continuation up to around 1.42000
Clarity Traders Methodology:
We focus on the higher time frames for added clarity and reliability, in combination we utilise momentum within a trend and patterns to capitalise on large RR trades.
