Newmount_Trading_Exchange

Newmount_Trading_Exchange Updated 

Second sell on GBPJPY this week. Market hit previous support where our first TP line, however continued to fall and triggered our 2nd sell position. Closed below another 4hr Support Zone. There is no sign of the GBP gaining any strength so will expect the market to continue to fall unhindered to our TP.

Newmount_Trading_Exchange Updated 

Buy order above the close of the 4 hr candle. (117.860 ) Broke Support, however bounced straight back from trendline, and closed back above all 3 Moving Averages. Expecting bullish movement up to 1.20000 Could experience some resistance around 1.18835, and a potential pull back to the trend line around 1.18192. Can see a bounce from this level and for the EUR to...

Newmount_Trading_Exchange Updated 

Expecting GBP to rise to test the Resistance level and possibly test between the 38 - 50% Fib levels. I am looking for bearish price action to find a sell entry point and if this happens i expect the price to fall back to weekly support of 1.63224.

Newmount_Trading_Exchange Updated 

GBPJPY reached a key level of support back end of last week around the 144.214 area. Friday's daily candle closed as a Inverted Hammer. With no UK News to be released for 3 days and only minor JPY news price action should play out. Looking to either buy on a 4hr Candle close above the resistance level of 144.678 up to 146.524, or a sell on a bearish candle...

Newmount_Trading_Exchange

Looking to buy if price breaks back through confirming back in an uptrend.

Newmount_Trading_Exchange

Looking to buy on BREAKOUT Confirmation