There were plenty of pullbacks, it was overbought. And no I don't come on here everyday.
I don't even use that broker, what are you talking about?
This is from one of my accounts:
GJ Bull?
- Thread starter Lee-Bax
- Start date
There were plenty of pullbacks, it was overbought. And no I don't come on here everyday.
I don't even use that broker, what are you talking about?
This is from one of my accounts:
Of course eventually there are pullbacks but that wasn't the setup - nevermind.
But ya might want to trim phone screen grabs in the future. Just sayin'.
The chart posted a couple of days before my comment was for short, so it was indeed the setup. He was calling top, but a couple of days early, we got another spike. Check where the RSI was when I was selling. Since we have been in a down trend. What's your problem or point? You don't seem to be making a great deal of sense to me.
There we go I even trimmed the top for you
The chart posted a couple of days before my comment was for short, so it was indeed the setup. He was calling top, but a couple of days early, we got another spike. Check where the RSI was when I was selling. Since we have been in a down trend. What's your problem or point? You don't seem to be making a great deal of sense to me.
There we go I even trimmed the top for you
View attachment 281455
Definitely room for a pullback to retest the MA. Nice trade
Good morning all. Going to try a trade here on GBPJPY . I still think it's possible we may move lower. So i'm going top try a sell to buy here from this zone. Look's like a break and retest, find price in a nice supply zone currently so we can get a fairly tight SL on this setup. First target is the demand zone below for a 4:1 R:R, second is the next demand zone below that one. ideally knock down to the 4H timeframe for an entry today, look for some signs of resistance before entering, as it is possible that the previous touch in that demand zone below is causing price to continue bullish . Will update again in a few days. GLIYF
Looks like you're off to a good start in this trade. UK CPI figures made for grim, if expected, reading.
Good morning all, just a quick update today on the GBPJPY trade taken. If you went in with me at the last time I posted the setup we have had some significant movement. We saw price drop from the supply zone as expected and since we have had a re visit to the supply zone . Price looks to be respecting the bearish trend creating lower high's, we just need to push lower now for the next lower low. Currently sitting at 275 pips in profit which is just over 1:4 R:R. As always secure some profits either moving your SL to entry or inside profits, or closing some of your position. Will update again in a few days. GLIYF
Still falling back down from those dizzy overbought heights. GBP sentiment seems bearish at the moment too with talks of recession. Also shorting.