Long on a pull back of the small wedge breakout in h1 and also the brealout of old big range for targeting the downtrendlie since august highs 2015,is that AT shows The tension with NK it calmed down as i can see the reaction of stock and gold the BOJ maintain strongly them super power accomadative policy Yellen speech again mid hawkish tone -FOMC+Yellen at...
JUST AN IDEA. GBP/JPY IS TRADING IN A CHANNEL AND HAS NOW TESTING THE CHANNEL RESISTANCE. I HAVE PLACED A SELL ORDER AT 135.70 WITH A TARGET OF 134.20 AND STOP ABOVE 136.60. LETS SEE HOW IT PLAYS OUT!
Check out Networthie.com to share your thoughts on effective trading strategies and systems. Would love to hear your ideas. - Market Internals today 07/18 are calling for a continuation of bullish action tomorrow morning. - That being said, market internals can quickly change, i.e. the S&P 500 starts to trade below its 100 SMA and the Breadth Ratio reverses...
For short: I think it's a good idea to short from 50% level to target the bottom at 72.5. For long: it's wise to long from purple area. The first entry would be if there is a retest of the lower purple box. Second entry would be after the weekly downtrend has been broken, then a retest of the trend line around the second purple box.
it was a fantastic ride up....don't get stuck in high altitude though
Broke out of down channel last month. Appears to be consolidating in a small bull flag.
The USD/JPY looks to be dropping off a strong support and near the 23.6% fibonacci line. We enter short with the target set at 111.00. See www.plusfxtrading.com for more analysis.
JOY expected to open at 39.18 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
"Joy to the world" Nice bullish retest gap. Good volume in the morning. Looks pretty on the hourly. Nice R:R AND Cheryl Moll liked the trade! ;)