Current Gbp-Jpy trade.
Analysis:
-Daily frame primed in bull mode, wait and watch for dynamic and static S&R to be breached. Pattern = Inv H&S
- S&R breached, first entry taken.
- Wait and watch to see if a second entry could be taken, again waited for breach of the bull flag and rising channel.
-Needless to say Daily, 3H, 1H and 15min all lined up for the long. Spoke about this trade before it happened and fired a "shout out" to place this pair on the watch list for longs. Hope some of you caught some "pipage" on this pair. ISS applied.
Note:
Analysis is helpful to share and thats what the site is about, amongst other things, but we trade our own plans. I also had a few other pairs on the watchlist which have not…
Comments
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Congratulations johnradical, featured member status is well deserved here with some interesting FX articles and posts.
Welcome to Forexmosphere John and glad you could join us.