Quick 1:5 Risk Reward trade on GbpJpyI took this perfect trade today at the New York session and I'm posting this as journal or learn purposes.
If you have any questions about this trade setup you can contact me.
Cleancharts
Practice AnalysisPrice action needed for entry, currently supply zone broken by engulfing/ long consolidation?
AUDCHF - shorter than midgets toeHere we can see price again coming up to retest this nice break of a trade along with a nice bit of structure.
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EURUSD to keep heading UP ? Using the correlation to the DXY - there is a strong chance that EURUSD is going to hit support then reverse to continue the uptrend. Although we do need to watch price action at 1.18000. With everything happening in the US right now, the Dollar is weak, which in return is keeping the Euro strong.
USDCHF Engulfing Candle & Break of High May Signal Bull MarketSuspected change in sentiment from bearish to bullish following consolidation, break of prior high and engulfing candle. Take profit sitting just above 100% Fibonacci extension achieves potential 1:3 RRR.
