Great Opportunity for LONG. Don't Missed This Setup!
Updated
Hello traders,
This is my trading plan for this week for this pair.
With the increasing case of Covid-19 and poor market sentiment in the US, I would find the dollar has lost its momentum.
I would recommend for you to SHORT.
We shall see the formation of similar bullish impulsive of the previous pattern breaking the weekly trendline.
All the best.
This is my trading plan for this week for this pair.
With the increasing case of Covid-19 and poor market sentiment in the US, I would find the dollar has lost its momentum.
I would recommend for you to SHORT.
We shall see the formation of similar bullish impulsive of the previous pattern breaking the weekly trendline.
All the best.
Note
Boom! Hit TP 1. Now it's time for pullback or 2nd wave.
At lower TF - 15min chart, it's making Head and Shoulder. You may have a good SHORT opportunity here. TP level is at 1.237600.
Good luck guys!
Trade active
Note
For those who followed me, GBPUSD and GBPJPY share similar bullish momentum this week and more days to come. I hope you able to capitalize on some profit from this pair.My trading strategy is simple;
1. You need to have a TRADING PLAN to know the overall direction of the pair for the coming weeks or months.
2. Once you identify the direction, you will be able to set in mind where the price is heading to and you can place entry and profiting from both short term or long term entries.
3. What I meant by the long term is you should set aside an account at the ENTRY ZONE or the SNIPER ZONE and keep it for a longer period of time following the chart pattern; maybe weeks or months until it reaches targeted TPs. (Swing Trade)
4. For short term opportunity or intraday trade, you can have a different set of strategy; you may benefit if you trade with LEADING Indicator;
i.e; Elliot Wave or Zig Zag Pattern, Trading Dynamic Sequentials with Divergence, RSI with Divergence, Speculative Sentiment Index with Divergenc - keeping in mind the direction of the pair as explained in the initial trading plan.
5. Don't give up hope. If I can do it within 3 months and profitable, you can too also my friend.
Good luck!
Trade active
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