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Gbpjpybuy

GJ Buys 05/10/2020 -- UpdateAs I have already had a very good day, I decided when GJ broke resistance to use the 15m timeframe for confirmation, the reason being I had a lot of profits to use as leverage. When support formed on the 15m, I took a buy entry as the new 15m candle broke the high of the previous candle, with stops below that candle. As price went up into 10 pips profit, I secured my entry and moved stops to the low of 15m candle where I executed my trade. We then tapped into the next area of resistance and there I secured more positions and moved stops to BE. A runner is still running and will be updated when it's closed.
Long
by mcrhf_fx
GJ Analysis 04/10/2020 -- UpdateI had already highlighted the two potential setups, buys were preferred as the traffic above to the left was much cleaner to our target at the next resistance zone. Price broke above resistance on the 30m timeframe and before entering, I waited for support to form on the 15m timeframe. Support then formed so my next job was to wait for a confirmation for my buy entry, this happened to be when the 5m candle broke above the high of the previous 5m candle. My stops were placed a few pips below the current 30m candle due to it being the last 5m candle before the hourly close. As price broke the high of the previous 30m candle, I secured profits and moved stops to BE, price then ran for 30 pips before I closed the remainder of my positions.
Long
by mcrhf_fx
GJ Analysis 30/09/2020 -- Update Longs and Shorts TakenWe already highlighted the possible options earlier. As we broke resistance and formed support, we executed longs with stops below the current 30m candle. Price ran for 10 pips before we secured profits and moved stops to BE. We then got stopped out at BE after that, so it was a good trade. This morning price broke support at 136.050 and we waited for resistance to form on the 15m timeframe. When the next bearish 15m candle broke the low of the previous candle, we executed sells with stops above the current 30m candle, Price than ran to our target where we secured entries and left a runner, our runner ran for 52 pips before support started forming, so we closed runners at 52 pips. Overall we caught 62 pips from this analysis
by mcrhf_fx
2
GJ Analysis 27/09/2020 - UpdateOn the first break of resistance, support wasn't formed and price moved back into the range, as bullish momentum started to appear, we took a buy when the 1h candle broke the high of the previous resistance, to continue bullish, this was an impulse entry as there was very strong momentum bullish. The SL was below the current 1h candle and the Target was the resistance level at 135.2. I secured 15 pips and left a runner to fill the range and hit the 40 pip target. The runner is still running,
Long
by mcrhf_fx
GBPJPY Long Trend is your Friend! 1. One Touch, Two Touch and Third Touch usually completes a Trend. 2. EMA acting as Dynamic Resistance, Buys will have high validity once markets cross over EMA and we have it acting as Dynamic Support. 3. Markets have Bounce off our Golden Fib Zone an Psychological level @ 133.000 where big institutions place orders and take profit. 4. Waiting for 3 Eight hour candles to show signs of rejection to place Buy order 5. I will be buying at current Price Level @134.500 Safe SL @ 133.000 80% Partial TP @ 137.00 10% Partial TP @ 138.000 Remaining Trade TP @ 140.000 Only 5% risk will be taken for this trade
Long
by Mafora