1. Read the chart precisely
2. Mark all the important price levels
3. Enter when 4hr momentum goes up (10ema crossing 20ema)
4. SL - 10-15 pips below the weekly support
5. Best entry on Monday when market opens again
ALL THE BEST!
JPYINR is completing double Head & Shoulders pattern on the 4H chart. Break of this baseline would be highly bearish for the currency pair. Otherwise, if this line is held, we can see strong bullish action as well.
Good time to wait and watch and take a trade when either side seems strong.
Sell GBPJPY
Things to consider:
1. Channel formation on daily timeframe
2. According to COT data GBP is Neutral and JPY is shortening
3. Down Momentum Started
How to enter:
1. Sat and Sun is off so entry will be done on Monday
2. SL - 152.6 TP - 150
3. Follow my analysis
ALL THE BEST!
Hello Traders,My current analysis on this trade is really a good risk reward ratio 1:3 .As per last week analysis the price is currently sitting at a key support level and did not push further down.There a lot of buyers in the market currently which gives us a good opportunity to enter buy side at 107.41.Hopefully we close this trade on positive side.Please feel...
