GBPJPY(long)
Simple swing trade idea.
GBPJPY(GAP down)
1) Why long? Most of the time, when price gap down it will fill back the gap.
2) Price touched 50% fibo in my Oanda chart.
Beware of 2 EMA now price are ranging in there. Will it break up higher?
if price formed a bearish candle in H4 chart in range on 2EMA. Will close the trade.
Trade with own risk.
Happy Trading
GBPJPY(GAP down)
1) Why long? Most of the time, when price gap down it will fill back the gap.
2) Price touched 50% fibo in my Oanda chart.
Beware of 2 EMA now price are ranging in there. Will it break up higher?
if price formed a bearish candle in H4 chart in range on 2EMA. Will close the trade.
Trade with own risk.
Happy Trading
Trade active
Price break up 2 EMA and break the bullish flag. it will go higher , beware on the blue down trend line.
Trade closed manually
Why i close?1) Friday dont want to hold over week.
2) price near down trend line. not sure will it hold or not?
3) if it broken up this week i will hold until TP . But it slow down.
4) i will enter long again if it break downtrend line .
Happy trading.
Insane_Trader
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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.
Related publications
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.