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GBPJPY H4 - Long Trade SetupGBPJPY H4 - YEN has been an absolute misery this week for obvious economic reasons, GBP has had some drawbacks too but has managed to stay above ground nicely. 141.200 is being threatened to set new yearly highs. National lockdown announcement and Bailey's economic speech kept pulling GBP back as it tried to pull away this week from Brexit clarity and trade deal positivity. Short/Med term bulls for GBP. Current price is the key price we are monitoring, no doubt NFP/AE and unemployment will throw the YEN around a bit later, eyes peeled.
Long
by Trade_Simple_FX
NZDUSD - Short TradeHey Traders! I would like to share a NZDUSD possible short trade here. As we can see price is approaching at supply zone and we will be looking for a sign of weakness in this zone. If a sign of weakness appears we will execute a short trade here. The best entry point for this trade will be 50% fibo level but a price rejection is must before we take a final decision and it can happen below 50% fibo as well. Just look for a sign of weakness on H1 chart and enjoy your trade. SL - 40 pips above your entry price if your entry price is different from what i have mentioned on the chart. Have fun!
Short
by Hussam-Qazi