Navigating the Bias Shift : GBPJPY 27/9I am intraday bearish bias for Sterling today (both technical and fundamental rationale). I have marked levels that, if reached, will wait for a bearish signal. Price could go further down without tapping in these levels, which I would not chase. Let the price comes to me.
The daily range yesterday was small compared to the 120 pips 20-day ADR so I am expecting a price expansion today between 130-150 pips.
There are no risk events for the U.K and Japan
SNR
USDCHF POTENTIAL BREAKOUT.My Idea On USDCHF .
USDCHF possible breakout since the price have been closed below daily Uptrend TRENDLINE
Wait for pullback before ENTRY.
Take-profit on nearest support
If Price fail to close above 1.00500 it will likely to break lower
This is just my opinion on USDCHF.
Trading foreign exchange carries a high level of risk.
All predictions are strictly speculative and for educational purposes only therefore Use effective risk management.
However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results.Trading foreign exchange carries a high level of risk.
All predictions are strictly speculative and for educational purposes only therefore Use effective risk management.
However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results.
Trade At Your Own Risk.
Happy Trading Pals.