Tradeyourplan
SHORT GBP/JPYPrice has printed an indecision candle on resistance on the weekly and on the daily, potentially showing that the bulls have run out of steam
If price breaks below the daily indecision candle, I will go short targeting the previous resistance level.
GBPCHF - BearishBeen stopped out of my previous short position as the market has continued up to previous highs. My Stops were tight as entered on a couple top. Now we have a BAT opportunity up at 1.2883 that was 1pip short from entering (front run orders). looking to see if we can get back up there to get filled before it hits potential first targets. Taking continuation targets (not conventional) to see if we can continue further down as the HTF market is playing out. I have some doubts in my analysis as the market is trending Up. Im looking for the push back down to Lows.
GBPTRY - 3 wave down move setupThere is an invalidation level...if break up this setup will invalid.
GBP AUD HEAD & SHOULDERS - BREAKOUTTrade taken last week - head and shoulders spotted on hourly
breakout taken,
plus ascending triangle.....
lets see where this takes us....
SELL THE USDCADMy opinion about this stock will be bear since the price already did breakdown the the level of 1.33921.and its time for me to short this stock...will the stock bear from now?
GBPTRY - SHORT SETUP TARGET 3.50 #USDTRY #GBPTRY #BIST100Look low time frame
GBPTRY - SHORT SETUP TARGET 3.50 #USDTRY #GBPTRY #BIST100
GBPJPY strong support zone around 120Be careful entering positions on the gbp/jpy which are longer than a week.
There is a strong zone of support around 120 lvls on the higher time frames.
For day traders you do have a small chance to short till 120, after which you can expect some kind of volatility. The meat of the move will happen around GBP septermber CPI numbers tomorrow.
On the weekly timeframe there is a divergence of price and momentum, which is why there is also a strong possibility of a bounce up once prices goes down to 120. If there is a clean bounce off the 120 along with a follow through in the price and volatility for a few days after the bounce, I will look to enter a week long Buy position in GBP/JPY once price moves above 136 and the patterns at that time support a buyers sentiment.
If the support at 120 is broken and I see follow through for the next 2 days, I'll look to enter short positions on the pullbacks as price legs down.
