Bull bat on the 1H TP1: 0.382 FIB TP2: 0.618 FIB
I should have entered this trade 30 pips before at around 133.300, still going to try shorts from here with the market open.
GBPYJPY Large Flag Pattern Break and Retest of the 50 EMA. Looking to Take It Up 50+ Pips.
We had the manipulation move during the asian session - ofcourse fundamental news this morning during London open saw bullish momentum forr GBP . Now 133.5 has a strong support. 3 x trades 0.10 @ 133.35 0.10 @ 133.52 pending buy when price has confirmed and we have banked some pips @ 0.10 lots This is a swing for us so minimal drawdown will occur.
To copy the same trades that i take follow my Instagram and DM me @MoreProfitsFX
I thought it best to give a picture of how the trades played out. In general what was applied was S&R, wave analysis, volume & other none technical analysis(beyond tech) . A few educational posts were added in between. Some trades took longer than others .
- inside channel - fibo retracement - key retrace/support level @ 1.3
GBPJPY has reached a daily trendline retracement along with the 200 ema we might see a sell of on the pair
The price broken trendline, and close below support. -- SELL Note: The tendency is upward and still strong.
GBPJPY has retraced to the 61.8 Fib in the 4hr time frame great opportunity to go long
This is not an ideal pattern, the treding is clearly bullish and for many months we have been both looking to trade this one and buying it. The current pullback appears to be the start of a C wave higher, if so it will unfold in 5 waves matching the A leg. However the buying area goes beyond the invalidation line for their particular wave count. A break of the...
Currently the Price action looking for bullish position to complete the pattern.Once it completed ,forecast for short position
SL- 146.342 TP- 142.182 Just over 3:1 Reward risk I'm very new to this and this is my first time. I would greatly and sincerely appreciate feedback and criticism. Thanks,