As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=142.6.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=143.45.
TP4: R2=144.35.
Set the stoploss of these orders at breakout of S2=142.3.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
The 4 Hour is turning up against 126.50 low from 8/11/2019. The cycle from there in wave (A) ended at 148.07 . While above 140.79 where the hourly is turning up a bounce to correct the cycle lower from there can develop. While below the 148.07 highs another swing lower in wave (B) to correct the cycle up from the 8/11/2019 lows can be seen. While above there...
Looking at the H4 Chart once the it hit 143.50 with indecisive candle it formed a high probability setup for bearish trend.
Looking forward to 141.50 or below by this weekend.
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The 4 Hour is turning up against 126.50 low from 8/11/2019. The cycle from there in wave (A) ended at 148.07 . While above 140.81 a bounce to correct the cycle lower from there can develop. While below the 148.07 highs another swing lower in wave (B) to correct the cycle up from the 8/11/2019 lows can be seen. While above there expect the pair higher again.
Shor...
this is a stop order
wait for the conformation that stoch need to crossover and going towards down,rsi also
if macd shows a divergence then increase the tp
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=143.4.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=142.05.
TP4: S2=141.25.
Set the stoploss of these orders at breakout of R2=143.6.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
GBPJPY IS CURRENTLY IN A DOWNTREND WHICH IS MOST LIKELY TO CONTINUE TILL THE LAST SUPPORT LEVEL GIVEN. TRADE BETWEEN THE ZONES AS PER THE CONFIRMATION OF THE CANDLES. TRADE SMART.
GBPJPY COME IN TO MAJOR RESISTANCE AND IN D1 CHART GIVEN A PINBAR CONFIRMATION, LOOKING IN H4 CHART GIVEN NICE ENGULFING CANDLE......... BE aware of ELECTION on thursday use small lot size
The British Pound (GBP) vs. the Japanese Yen (JPY) is a highly volatile pair. JPY is often used as a funding currency of a trade because it’s historically a low yielding currency. Since UK is one of the larger economies in Europe, the GBPJPY pair can be considered as a proxy for worldwide economic health. On the other hand, this pair performs like a representer for market 'risk-off' moves as the carry trade gets reversed. As a result, GBPJPY is able to develop strong trends that exceed thousands of pips.
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