Will take a bullish stance on #GBPJPY above 145.5

Need to see price closing above the 145.5 to confirm the bullish sentiment is still in control. When that happens staying in the trade for a long haul can be very rewarding. Immediate target at 150.00 is like picking low hanging fruit and more is to come.

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Trade outlook is about 10-30 days
Ramesh aka Surefire Trader, is the author of his new book "Trade Forex with Confidence" to show readers how to build a profitable trading system using the 10/20/30 Rule.
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Commentaire:

Bullish sentiment showing up. We'll get this trade pretty soon.

Ordre annulé:

Price didn't hit entry so no trade.

Commentaire:

The pair had dropped to make traders to think GBP is going down big. Look for the break above 144.0 to alert the move is to the upside and not down. This is how I look for clues on what will be the direction a pair will take.