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Daybreak

08.01.2020 GBPJPY London Daybreak Idea **educational**08.01.2020 GBPJPY London Daybreak Idea Only for educational purposes, because the 8 AM (1H) candle is over 40 pips. We don't go in the trade when the candle is bigger than 35 pips. GBPJPY Buy Stop @ 142.944 SL: 142.430 TP1: 143.244 (30 pips) TP2: 143.344 GBPJPY Sell Stop @ 142.380 SL: 142.850 TP1: 142.080 (30 pips) TP2: 141.805 Risk management (3%) Buy SL= -51 pips => 0.01 lot per 200 $/€ Sell SL= -47 pips => 0.01 lot per 200 $/€
by josappe
2019.12.16 London Daybreak Idea GBPUSDDue to the elections and the news of 9.30 AM London Time, I will certainly wait until the candle of 10-11 AM (London Time) closes to decide whether or not to join this trade. 46 pips StopLoss for 20 pips TakeProfit is also a bit on the high side. 2019.12.16 London Daybreak Idea GBPUSD GBPUSD Buy Stop entry 1.33952 SL: 1.33490 TP1: 1.34152 (20 pips) TP2: 1.34490 GBPUSD Sell Stop entry 1.33490 SL: 1.33952 TP1: 1.33290 (20 pips) TP2: 1.32940 Risk management max. 3% SL= -46 pips ==> 0.01 lot per 200 $/€
by josappe
Daybreak for the Pound/New Zealand?Good morning GBP/NZD, time to rise and shine :) My case for a strong bullish reversal on this Extremely Valuable Pair {EVP} is due to the fact that: (1) It has completed a multi-month Harmonic Wave Formation and (2) the GBP/NZD is positively correlated with FX:AUDNZD and that pair is trending very aggressively into a multi-year bullish uptrend due to both Australian Dollar strength and a weakening New Zealand Dollar. Time to get those Buy entries in ladies and gentlemen because the Bulls are out to play! I have no clue what the impact of a "Brexit" might do to the Pound but for now I'm surely long above 2.1170 due to NZD weakness. Around May 02, 2016 we should have a clearer picture whether price will push higher or continue in a downtrend. Remember the "Brexit" decision is on June 23rd so until then we trade what we see on the chart. Around June 27th another harmonic time interval occurs so we shall see what happens.
Long
by FractalEyeZ