Loong
GBPJPY - Retrace entry - Long - Using FibHello all - DuncanForex here with another trade idea
I have gone long on GBPJPY following a 61.8% fib retrace on the 30 minute chart -
I am looking for it to break through previous resistance and head higher to the level indicated.
With Brexit news coming out often, I will be managing the trade closely.
Thanks for looking and my website is now live
Cheers
Duncan
BTC - NO TRADE ZONE... WAIT FOR CLEAR DIRECTIONAgain we wait to see what happens. Yesterday we dropped $400 off current price with the bearish divergence on the RSI, today it bounced back to the higher regions (the celling of this phase again)
Not sure if it has enough energy to go through into the next phase...
FRED - Fallen angel type Long from $3.27 to $.33FRED seems breaking out a downward channel formation. It also seems forming a fallen angel formation. It has huge Twiggs money accumulation. We think it will continue upward from here.
* Trade Criteria *
Date First Found- April 4, 2018
Pattern/Why- Downward channel breakout long. Fallen angel
Entry Criteria- $3.27
Exit Criteria- $4.33
Stop Loss Criteria- N/A
Indicator Notes- Strong Twiggs money flow accumulation
Please check back for Trade updates. (Note: Trade update is little delayed here.)