nothing can bring down the value of gbpjpy sustainably
Updated
main:
update 1:
nfp tried to bring the relative value of gbp down, only to find strong support at the zone previously drawn in update 1.
last boj intervention caused a rally in UJ, near term unlikely to see this happening as usd is in weekly pullback and possibly dumping mode
if retail sales on tues brings this pair down, its an invaluable buying opportunity
what can bring GJ down anymore? comment!
Disclaimer:-
my style: expect bounce from yellow lines, if the bounce is strong, close.
if it just consolidates, let the trade run.
I sometimes also scalp contrarian trades vs my main idea on those yellow bounce areas that are not shown here plus as a hedge vs my main bias.
I set BE very fast as soon as it ran some pips and use very small lot. If it hits back BE means I can have better entries yall and protected my capital.
I share so that I can see others' contrarian perspectives to my trades.
I welcome and love contrarian views or comments!
Also I only update when free, manage the trade at your own risk and don't take my trades blindly as I manage them differently from you and can close them without updating you as I don't have time to post all candle closures updates that give info on whether to close or run.
Also every trade is live and living and not set dead on sl and tp as new info or news or price action emerges!!
Always open initial position very very small so that if it goes the other way u can big lot hedge and close BOTH with profit! With setups confirmation ofc!
And very important, open multiple multiple small trades rather than one big lot at a single price!!
Profit taking at certain stage usually > BE trades unless you really caught the lowest lows or highest highs, because the chance of spotting runners/tops/bottoms won't be 100% of your trades.
Good luck y'all~
update 1:
nfp tried to bring the relative value of gbp down, only to find strong support at the zone previously drawn in update 1.
last boj intervention caused a rally in UJ, near term unlikely to see this happening as usd is in weekly pullback and possibly dumping mode
if retail sales on tues brings this pair down, its an invaluable buying opportunity
what can bring GJ down anymore? comment!
Disclaimer:-
my style: expect bounce from yellow lines, if the bounce is strong, close.
if it just consolidates, let the trade run.
I sometimes also scalp contrarian trades vs my main idea on those yellow bounce areas that are not shown here plus as a hedge vs my main bias.
I set BE very fast as soon as it ran some pips and use very small lot. If it hits back BE means I can have better entries yall and protected my capital.
I share so that I can see others' contrarian perspectives to my trades.
I welcome and love contrarian views or comments!
Also I only update when free, manage the trade at your own risk and don't take my trades blindly as I manage them differently from you and can close them without updating you as I don't have time to post all candle closures updates that give info on whether to close or run.
Also every trade is live and living and not set dead on sl and tp as new info or news or price action emerges!!
Always open initial position very very small so that if it goes the other way u can big lot hedge and close BOTH with profit! With setups confirmation ofc!
And very important, open multiple multiple small trades rather than one big lot at a single price!!
Profit taking at certain stage usually > BE trades unless you really caught the lowest lows or highest highs, because the chance of spotting runners/tops/bottoms won't be 100% of your trades.
Good luck y'all~
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