Resistance-Turned-Support !
-Sup, bros ! Im kickstarting this weeks with GBP/JPY if you remember last week we dig out 100+ pips longing, we might get out of the market early but I believe we could have another long order position around 149.30., gather more bulls in to push the price higher.
-As you can see we have a resistance turned support right smack on 50% fibonacci retracement.
-Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs near 151.30.
-In any case, make sure yall have wide stops, if you don't like mine aight? Remember that crosses like these tend to see more volatility than the majors!
-As you can see we have a resistance turned support right smack on 50% fibonacci retracement.
-Buying at current levels could still get you a pretty sweet deal especially if you aim for the previous highs near 151.30.
-In any case, make sure yall have wide stops, if you don't like mine aight? Remember that crosses like these tend to see more volatility than the majors!
註釋
That's it gor this order we are already behind, i was waiting uj from early morning to retest previous level of demand as a support, cause as i told you before all yen crosses are highly correlated to uj, so when uj dive to it gj couldn't the same for our trade cause the pair breaks above a resistance line of a rising channel and use it as a support, as i'll explain this in the charts :uj
instead of doing the same on gj but with more pips to catch this is what happened
gj
註釋
取消訂單
註釋
as a confirmation take a look what happened on ej? looks familiar right !
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