GJ formed a strong floor
With any new and recent BOJ intervention being unlikely, and betting on reversal/small correction of GBP, I will keep looking for long and adding as long as structure holds.
The huge floor has been formed, if it ever reaches the green floor, huge lot tight sl can be considered depends on how it reaches there
The huge floor has been formed, if it ever reaches the green floor, huge lot tight sl can be considered depends on how it reaches there
my style: expect bounce from yellow lines, if the bounce is strong, close.
if it just consolidates, let the trade run.
I sometimes also scalp contrarian trades vs my main idea on those yellow bounce areas that are not shown here plus as a hedge vs my main bias.
I set BE very fast as soon as it ran some pips and use very small lot. If it hits back BE means I can have better entries yall and protected my capital.
I share so that I can see others' contrarian perspectives to my trades.
I welcome and love contrarian views or comments!
Also I only update when free, manage the trade at your own risk and don't take my trades blindly as I manage them differently from you and can close them without updating you as I don't have time to post all candle closures updates that give info on whether to close or run.
Good luck y'all~