GBPJPY is diving downI saw a strong resistance line that price reacted to. It reversed 4 times, and this 4th time is definitely going to be the next bearish reversal move.
First TP used to be a resistance line, now it broke out of it. Chances are, once price reaches that level, it will bounce back, so that's my first TP.
Second TP is actually this week's close. Price, on a weekly basis, usually reacts one way or another to that close.
And that's all I got, good bye.
Happytrading
looking for a short FNP looks way overextended on daily, it gain just over 10% yesterday without any news. Look for a potential short, my trading range will be between $5.96 and $5.65.
Happy Trading
EUR/USD - LONG - BULLISH DIVERGENCE
- Currently looking to go long EUR/USD we have bullish divergence on both the daily and 1 hour time frames. Possible reach down to lower trend line before reaching new highs, although we're currently on a nice support area. For now, I have a limit order just above the previous 1-hour high and if it reaches lower to the support line it'll be adjusted for a better entry.
The 45-MIN GBP BULL The chart is comprised of a high tops & to low bottom analysis. I picked support and resistance levels from historic points to determine profit levels. Think visually and find the base of the triangle. This is where you want to be. Last but not least, you have a significant risk/reward ratio. Good luck trader.
Simple investment in EURUSD Can sell Eurusd simply set SL at 1.9 TP at 1.1, wait patiently about 4 weeks.
Money Management (considering your account capital and lot size) is required in selling.
Trade Patiently just like growing an investment seed, don't take profit early in seedling stage and enjoy full profit at the stage of profit tree.