Much probable. We should be wary of the immediate resistance around the 156.790 area. Of course, that is more than 150 pips off.
Trade safe and prosper.
KP
Originally Posted by ;
Much probable. We should be wary of the immediate resistance around the 156.790 area. Of course, that is more than 150 pips off.
Trade safe and prosper.
KP
Originally Posted by ;
Anyone who can trade this pair is truly gifted. The motions are very sharp and long term trading looks impossible.Originally Posted by ;
Very true! I think one is better off trading the pair about the 1 min or 5 min chart. Yesterday was particularly volatile Because of this news (I think)Originally Posted by ;
No I favor the daily chart but this volatility is forcing me to have a look at the lower time frames. I am looking at the chart Nowadays the 5 minOriginally Posted by ;
Hi FxOriginally Posted by ;
Interesting thread. Yes I believe going up slowly with continuous pullback liquidity hunts!
Still, I do like the pair chiefly because the daily movement whether down or up is just about always 100 pips . Once one has created the real direction (that is the tricky part!) One is assured of a lot of pips
It's a pair I believe that should be traded on a daily basis - not automatically think it's in an uptrend so I must buy or hold on to any transaction also long
I will attempt to input my thoughts daily course and determine how often I'm wrong or right!
I trade GJ based on a person floor trader pivots and together with the principal trend.
My anticipation is that we will see a pullback at PP and go up to next weeks R1 and perhaps R2.
https://www.actionforex.com/technica...kly-outlook-54
I check this part of this site and the others are worth attention too it is my number one source of management information with shades of what Elam thinks from forexcrunch: regarding the pound. An individual can find his opinion of it by scrolling down the gbp usd analysis in which he states it each week in relationship with that pair.
I have a limit order at 150.18 and hope it'll go down before it goes up. The attached indior I keep posting because it so often nails good places employing the weekly setting. It's courtesy of thank you! I use ideas I have picked up from people I trust such as:
1. When a pair is getting an easy time going through 61.8 but is not freight training it through it is possible it might stop in the 78 degree.
2. Also every time a pair is searching for somewhere to turn around following a breakout it could do that between 138 and 161.
https://www.forexsoutheast.asia/atta...1786231270.mq4
GJ is just retracing to 1.50/1.51 degree before Continuing its upward trend After NFP.
Moving all the way up until the first week of March