Currency Pairs trade best using the Ichimoku Cloud on a 4 Hour bar. The best part of this is that you only have to look for trade-set-ups 6 times a day, This happens at 12,4,8,12,4, and 8 everyday at Central Standard time. So, today we see a great Short Set-up if you are a mild pullback trader. I know I am a breakout trader, however many traders are not as aggressive as me. So, the Trade:
Selling the GBP/JPY at 169.9
STOP LOSS: 172.37
Target #1: $168.65
Target #2: $167.4
Once I hit Target #2, if I want I can move to stop to breakeven
Target #3: $166.20
Target #4: $165.01
Selling the GBP/JPY at 169.9
STOP LOSS: 172.37
Target #1: $168.65
Target #2: $167.4
Once I hit Target #2, if I want I can move to stop to breakeven
Target #3: $166.20
Target #4: $165.01
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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.
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.