SELL SETUP GBP/JPY
THIS WHOLE MONTH WE HAVE SEEN A VERY CHOPPY MARKET,
WITH VERY RARE MOVEMENTS.
FOR MOST OF THE GBP PAIRS I STILL BELIEVE WE HAVE SOME BEARISH MOVEMENT TO GO.
I BELIEVE THE DEALERS ARE WANTING PEOPLE TO BUY ALREADY MOST GBP PAIRS TO GAIN ENOUGH LIQUIDITY.
AS FOR NOW THIS ARE THE SETUPS IM LOOKING AT.
WITH A GOOD RISK MANAGEMENT WE ARE ABLE TO TAKE TRADES LIKE THIS AS THIS IS IN MY OPINION THE MOST IMPORTANT FACTOR IN THIS INDUSTRY.
IM GOING FOR THE FIRST TP, AS WE CAN SEE WE SEE A VERY LONG WICK INDUCING BUYERS.
IF WE ARE ABLE TO BREAK THE BLEU LINE WHAT I BELIEVE WE WILL THEN WE COULD BE LOOKING AT THE SECOND TP AREA.
MOST OF THE PEOPLE ARE BUYING THIS PAIR SO I BELIEVE WE SHOULD DO THE OPPOSITE AND THINK LIKE THE DEALERS.
THIS WHOLE MONTH WE HAVE SEEN A VERY CHOPPY MARKET,
WITH VERY RARE MOVEMENTS.
FOR MOST OF THE GBP PAIRS I STILL BELIEVE WE HAVE SOME BEARISH MOVEMENT TO GO.
I BELIEVE THE DEALERS ARE WANTING PEOPLE TO BUY ALREADY MOST GBP PAIRS TO GAIN ENOUGH LIQUIDITY.
AS FOR NOW THIS ARE THE SETUPS IM LOOKING AT.
WITH A GOOD RISK MANAGEMENT WE ARE ABLE TO TAKE TRADES LIKE THIS AS THIS IS IN MY OPINION THE MOST IMPORTANT FACTOR IN THIS INDUSTRY.
IM GOING FOR THE FIRST TP, AS WE CAN SEE WE SEE A VERY LONG WICK INDUCING BUYERS.
IF WE ARE ABLE TO BREAK THE BLEU LINE WHAT I BELIEVE WE WILL THEN WE COULD BE LOOKING AT THE SECOND TP AREA.
MOST OF THE PEOPLE ARE BUYING THIS PAIR SO I BELIEVE WE SHOULD DO THE OPPOSITE AND THINK LIKE THE DEALERS.