Excellent Long-Term Hunting Opportunity in GBPJPY, Don't miss it Long

British Pound/Japanese YenFXCM

Description

⋅ Jan 22, 2018 12:18 PM

Trading suggestion:
There is possibility of temporary retracement to suggested support zone (154.70 to 147.05), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Closed Profit:
TP1= @142.20
TP2= @145.30
TP3= @147.70
TP4= @151.60

Take Profit:
TP5= @154.70
TP6= @158.40
TP7= @162.45
TP8= @170.00
TP9= @174.80
TP10= @180.40
TP11= @195.85
TP12= @free

Technical analysis:
.A peak is formed in daily chart at 154.60 on Thu, 01/18/2018, so more losses to support(s) 151.60, 147.70, 145.30 and minimum to support zone (139.30 to 135.55) is expected.
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index (RSI) is 58.
.Current short-term is range bound, but beginning of downtrend is expected.

Trade active

⋅ Jan 31, 2018 12:22 PM

Technical analysis:
A peak is formed in daily chart at 156.10 on Thu, 01/25/2018, so more losses to support(s) 151.60, 147.70, 145.30 and minimum to support zone (139.30 to 135.55) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 54.
Current short-term is range bound, but beginning of downtrend is expected.

Take Profits:
tp1= @ 142.20
tp2= @ 145.30
tp3= @ 147.70
tp4= @ 151.60
tp5= @ 154.70
tp6= @ 158.40
tp7= @ 162.45
tp8= @ 170.00
tp9= @ 174.80
tp10= @ 180.40
tp11= @ 195.85
tp12= @ Free

Comment

⋅ Jan 31, 2018 12:27 PM

Technical analysis:
.A peak is formed in daily chart at 156.10 on Thu, 01/25/2018, so more losses to support(s) 151.60, 147.70, 145.30 and minimum to support zone (139.30 to 135.55) is expected.
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index (RSI) is 54.
.Current short-term is range bound, but beginning of downtrend is expected.

Close Profits:
tp1= @ 142.20
tp2= @ 145.30
tp3= @ 147.70
tp4= @ 151.60
tp5= @ 154.70

Take Profits:
tp6= @ 158.40
tp7= @ 162.45
tp8= @ 170.00
tp9= @ 174.80
tp10= @ 180.40
tp11= @ 195.85
tp12= @ Free

Trade closed: target reached

⋅ Feb 13, 2018 11:37 AM

We closed open trades.
Beginning of Down Trend is expected

Trade Setup:
We opened 12 BUY trade(s) @ 140.80 (day close price) based on 'Valley' at 2017.08.25 signaled by our "Daily Trading Opportunity".

Closed Profit:
TP1 @ 142.20 touched at 2017.08.30
TP2 @ 145.30 touched at 2017.09.12
TP3 @ 147.70 touched at 2017.09.14
TP4 @ 151.60 touched at 2017.09.20
TP5 @ 154.70 touched at 2018.01.22

Closed Profit:
7 trade(s) closed at market price as trend direction is changed.

Comments

pwbanyad

⋅ Jan 31, 2018 2:36 PM

It time to short?

ForecastCity

⋅ Feb 1, 2018 9:14 AM

@pwbanyad, Not yet, we've updated the range and the upper limit is no 156.10, so we wait...