Gbpjpysetup
GBPJPY 60M Long&ShortHello traders!
There are two possibilities here, a long from line B to A for 30 pips and a short from lines C to D for 30 pips,
depending on which way the market heads on open. These trades will be void however if the market opens
with a gap that disrupts current price action.
These trades can be taken with a buy stop or sell stop order as a set&forget setup.
It`s recommended to position stops no further away than 1:1 RR away from entry, although this
may vary with markets and volatility.
Best,
Jay
GBPJPY - EDUCATION - 28. JULY. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Very bearish price action and pressure
4 HOUR
Slowly waving market looking for a direction to break out
DAILY
Very bearish waving market without any kind of pullbacks or bullish pressure.
OVERALL
Looking for a break of previous weeks lows and support zone or weekly highs and resistance area,
prices been bearish for a very long time without any kind of pullbacks. Several long holders have been
taken out and market need to pump shortly. Will update you about all scenarios!
Good luck
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Have a great week everyone!
ALAN