GBPJPY analysis of day
Good day everyone!
Before starting the series of webinars that TradingView agrees with, I want to acquaint you with the conclusions that I draw at the end of each trading session.
I intend to create such reviews every day, and so far, only in the evening. They are made after the fact.
The first goal is to show how I analyze what happened.
Second, this is training. I will show in practice how I apply what I have. The idea will be published on only one instrument. I am deeply convinced that if you don't know, don't want to if you cannot profit from one instrument, then you don't need to go to many instruments at once.
And now, by Friday, December 18th.
Back on Wednesday, I chose the direction to buy. I must say that in this direction, I'm going to keep why we will understand in the process.
During the day, one resistance level was formed around 140.30, and five support levels
139,80
139.70
139,60
139.42
139.32
De facto, positions from levels 139.80 and 139.60 would bring two stops, purchases of three levels could bring up to 20 points of profit each time.
Thus, despite the actual downward movement of the price, the chosen strategy fully justified itself in the area of purchases.
Plans for Monday.
We keep the direction of trade to buy. Taking into account the dynamics of Friday, we enter the market only after the first breakout of the formed support. We start working with a minimum contract.
See you on Monday.
Before starting the series of webinars that TradingView agrees with, I want to acquaint you with the conclusions that I draw at the end of each trading session.
I intend to create such reviews every day, and so far, only in the evening. They are made after the fact.
The first goal is to show how I analyze what happened.
Second, this is training. I will show in practice how I apply what I have. The idea will be published on only one instrument. I am deeply convinced that if you don't know, don't want to if you cannot profit from one instrument, then you don't need to go to many instruments at once.
And now, by Friday, December 18th.
Back on Wednesday, I chose the direction to buy. I must say that in this direction, I'm going to keep why we will understand in the process.
During the day, one resistance level was formed around 140.30, and five support levels
139,80
139.70
139,60
139.42
139.32
De facto, positions from levels 139.80 and 139.60 would bring two stops, purchases of three levels could bring up to 20 points of profit each time.
Thus, despite the actual downward movement of the price, the chosen strategy fully justified itself in the area of purchases.
Plans for Monday.
We keep the direction of trade to buy. Taking into account the dynamics of Friday, we enter the market only after the first breakout of the formed support. We start working with a minimum contract.
See you on Monday.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.