Looking for GBPJPY to retest the point of control and make a final high up to 135.50 region.
The logic behind this trade is that the I believe the banks want to sell at 135.50 area like they did last time. But in order to do so they need to clear peoples stop losses, which could potential be sitting just below it.
If they do sell at 135.50 I'm looking for them to take out the support at the bottom of this consolidation, there should be more stops there that they can take their profits at against the retail stop losses and sell stops.
I know I only have like 100 followers on here but I'm looking to grow my follower base. Do you guys have any recommendations or certain posts you would like me to do?
Let me know.
March Stats: +93%
Current April Stats: +10%
The logic behind this trade is that the I believe the banks want to sell at 135.50 area like they did last time. But in order to do so they need to clear peoples stop losses, which could potential be sitting just below it.
If they do sell at 135.50 I'm looking for them to take out the support at the bottom of this consolidation, there should be more stops there that they can take their profits at against the retail stop losses and sell stops.
I know I only have like 100 followers on here but I'm looking to grow my follower base. Do you guys have any recommendations or certain posts you would like me to do?
Let me know.
March Stats: +93%
Current April Stats: +10%
Note
If the today's 9am 4H candle closes below 133.30 then this idea may be a wash, we shall see
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Each week, I send an email breakdown of the best forex setups, watch zones, and market trends so you can trade with confidence.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.