Get started

Mfwic

GBPJPY - Long TradeGBPJPY has broken the down trend around the 144.60 on the 4 hour timeframe. From the current price we are looking for a small correction inside our established kill zone for an opportunity to buy long for a nice trend continuation trade to the upside. If price breaks out and above topside resistance early then we will be buying long above the established zone. Upside target is in the neighborhood of the 147.00. On the fundamental side, the BOJ monetary policy minutes were published yesterday and basically things remain unchanged as they continue with their policy of QQE. Good trading to all and as always. Plan your trade and trade your plan! Cheers!
Long
by dipdizzywizzle
GBP/JPY Daily Long SetupGBP/JPY has now bounced off of support in the 138.00 zone on the daily time frame and has clearly broken the recent down trend. We are now looking for a harmonic retracement in the neighborhood of the 61.8 fib. Our long entry kill zone will be between the 50% and the 61.8% fib retracement levels. Price has established a perfect 45 degree uptrend angle (Gann) so we are looking for price to return to the 147.00 - 148.00 price zone where we will be looking to take profit and wait for the next clear setup. Remember that this is just our view of the market conditions for the Pound/Yen pair and you should always trade with caution. !!!Good Trading All!!!
Long
by dipdizzywizzle
USDJPY Long After BounceUSDJPY long bounce play coming up on the 4 hour chart. This setup will likely start off with London and carry through to the US session. I am expecting price to continue to drip down lower (price action is still 63 pips from the bottom of the channel) until we get a good solid bullish rejection just in time for the London session. Price has been trapped between the 112.103 - 110.098 for a week or so likely consolidation for the next big break out. Just the way I see things. Plan your trade and trade your plan.
Long
by dipdizzywizzle
3
GBPJPY Bull Bat PatternFor you pattern traders...she has already hit target #1. Looking for #2 and then on to possible extended targets! Just my view on things if it does not meet your setup then do not trade it and as always please trade with caution and good luck to you guys! Kindest Regards, MFWIC P.S. GJ is running a little behind UJ but the London open should help this situation out although it has some major resistance to overcome to climb back into the channel that it has been bouncing around in for the last 70 something days so we shall see.
Long
by dipdizzywizzle