JPY Faces strong Support going Long on Major JPY Pairs
Hello Guys ,
My last Ideas where pretty empty and lazy described. I apollogize for that but i have a lot work building a website etc.. for you guys to improve my trading and give you more knowlege.
Today i focused on JPY pairs (USD/JPY & EUR/JPY & GBP/JPY).
In the Charts you can see JPY is facing a big Support line and all pairs where reacting the same before the market closed yesterday. They went anway from that Support. I am thinking we are facing a trend change right now and moving thowards the SMA 50 in the chart. It looks like we will get trough that and face a uptrend channel. If we dont do and we will drop we are continue the actuall trend and can set a other short position on the Support line. But i think that wont happen. So far i have 3 pending market orders.
BUY USD/JPY
BUY EUR/JPY
BUY GBP/JPY
I have on all pairs a stop loss @ - 0.25% (x100 = -25%)
If we gonna hit that SL i will wait untill we broke trough the support line or we have a clear upside trend.
Good Luck trading guys !
My last Ideas where pretty empty and lazy described. I apollogize for that but i have a lot work building a website etc.. for you guys to improve my trading and give you more knowlege.
Today i focused on JPY pairs (USD/JPY & EUR/JPY & GBP/JPY).
In the Charts you can see JPY is facing a big Support line and all pairs where reacting the same before the market closed yesterday. They went anway from that Support. I am thinking we are facing a trend change right now and moving thowards the SMA 50 in the chart. It looks like we will get trough that and face a uptrend channel. If we dont do and we will drop we are continue the actuall trend and can set a other short position on the Support line. But i think that wont happen. So far i have 3 pending market orders.
BUY USD/JPY
BUY EUR/JPY
BUY GBP/JPY
I have on all pairs a stop loss @ - 0.25% (x100 = -25%)
If we gonna hit that SL i will wait untill we broke trough the support line or we have a clear upside trend.
Good Luck trading guys !