Long Position For EURUSDAfter a positive feedback from ECB's President Draghi, I start to go Long. The reason why I do this is because we still in the Buyers Territory after all. So after a powerful V-Formation, the Euro starts to pullback and stop at the last Support with a Long Bull Candle with a quite long tail or shadow candle. Then I decided to entry a Long Position right after the Speech with a good risk&reward.
BUY @1.1260
STOP LOSS @1.1200
TAKE PROFIT @1.1360
It may go up, it may be not.
This is just an analysis and my perspective. This is not a signal or a suggest, so trade based on your own favor :)
Good luck!!!
Cheers!!
Buyersterritory
Long Position For GBPJPYAfter a breakout from the recent lower high. I saw an opportunity to go Long, after the breach, Bear starts entry and start losing their momentum, after the long tail candle, I saw a potential for GBPJPY to hold above the Support Channel. I decided to entry Buy Position :
BUY @145.70
STOP LOSS @145.10
TAKE PROFIT @146.70
It may go up, it may be not.
This is just an analysis and my perspective. This is not a signal or a suggest, so trade based on your own favor :)
Good luck!!!
Cheers!!