GBPJPY IMPULSE OVER????The impulse to the upside on GBPJPY has been going on for some time and congrats to those that have been in the move. But as you know after and impulse there is always a correction to at least the 0.382 of the Fibonacci retracement which can ben seen on the weekly chart. Since the current bearish candle on the weekly has respected the high of the previous bullish candle, the market in the short run could be retesting the 0.382 on the fib which lines with previous structure. waiting for confirmation on the daily time frame to take a nice short on this pair.
What are your thoughts on this pair?
Forextradingzones
"GBPUSD" Longas we can see illustrated above we have broke out of the downward trendline for this pair and what this means is that we should look at the next zone of co-influence which in our case it will be our second touch of the trendline at 1.7000-1.72300 , in short based on the monthly look for longing opportunities but these will be clear after we create the new monthly low which should be around 1.346xx which is in line with a zone that hasnt been fully retested!!!
GBP🇬🇧 NZD 🇳🇿 short valid ✅Hello traders
Some big moves in the markets today.
NZD is proving strong and our strategy has presented a short trade on EURNZD pair.
Working the 30M time frame here to a 1:2 risk reward ratio.
As with all my ideas the back test results can be found at the foot of the idea for trading the pair in this manner.
Test results are from January 2020 to today, Stats are based on risking 1% capital per trade on a £1000 account.
Quick overview of the strategy in use.
The strategy is a trend based strategy.
The inner workings of the strategy are 5 individual strategies rolled into one. Trades are only valid when all 5 confluences line up.
At this point the trade presents on the chart. Alerts can be set and the the strategy can also be automated.
No excess time spent at the charts
Adaptable strategy to suit your trading style.
Works on any instrument and time frame.
Want too know more?
Sure drop me a message and feel free to ask any questions.