GJ: 375 down as analyzed before. 200-500 pip more drop potential
Actualizado
If you follow my analysis then you've already made some big profit so far. (Check the Related ideas link or previous analysis)
Fundamental: There is a war in European soil and anything unexpected thing might happen and economic outlook is/should not looking good for EU and GBP as they are related to each other. US is going to increase the interest rate within few weeks. Stock market is plummeting, crypto market is also going into a winter. So I find no reason for GBP to go up as long as this situation continues.
Technical: Finally it broke the 155.55 support zone with a big impulse move. My idea is GJ will continue to drive to south for the next few weeks/month. It may retest 155.55 zone but wont be able to break it (false break possible). My long term target for the next few weeks is to short GJ. I already have an open trade and will continue to add on top of it every time it retrace from bottom to 50% high as shwon in the picture.
Hope will make good moeny with this move.
Trade 1: GJ Short at 154.52
TP: Open / 153.44 (TP1) / 149.71 (TP2)
Hedge Buy Stop: 154.99
PLEASE NOTE: Due to high volatility there will be a lot of fake spike /move in the overall financial markets. So trade with care. DYOR
Fundamental: There is a war in European soil and anything unexpected thing might happen and economic outlook is/should not looking good for EU and GBP as they are related to each other. US is going to increase the interest rate within few weeks. Stock market is plummeting, crypto market is also going into a winter. So I find no reason for GBP to go up as long as this situation continues.
Technical: Finally it broke the 155.55 support zone with a big impulse move. My idea is GJ will continue to drive to south for the next few weeks/month. It may retest 155.55 zone but wont be able to break it (false break possible). My long term target for the next few weeks is to short GJ. I already have an open trade and will continue to add on top of it every time it retrace from bottom to 50% high as shwon in the picture.
Hope will make good moeny with this move.
Trade 1: GJ Short at 154.52
TP: Open / 153.44 (TP1) / 149.71 (TP2)
Hedge Buy Stop: 154.99
PLEASE NOTE: Due to high volatility there will be a lot of fake spike /move in the overall financial markets. So trade with care. DYOR
Operación cerrada: objetivo alcanzado
I have closed 75% of my positions with excellent profit. I'll let rest 25% positions to run freely. Hope you have enjoyed my analysis so far.Operación cerrada: objetivo alcanzado
closed rest 25% of my position. It looks like we'll get a better short positions within this week (my target is to short again in (152.60 - 152.80 area)
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This is not a financial advice. Do your own research before you trade.
Trading Forex carries significant risk and losses associated with forex trading may be greater than initially expected
This is not a financial advice. Do your own research before you trade.
Trading Forex carries significant risk and losses associated with forex trading may be greater than initially expected
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