Weekend Analysis – GBPJPY TP1 on the Bearish Bat (+225pips) & running
This GBPJPY trade triggered over 2 weeks ago finally hit the intended TP1. Closed off half a position with a +225pips profits. Looking towards the next target for a 400pip gain.
This GBPJPY trade triggered over 2 weeks ago finally hit the intended TP1. Closed off half a position with a +225pips profits. Looking towards the next target for a 400pip gain.
Market Outlook and Analysis (Oct2019 Week1) Currency Pair: GBPJPY Fundamental Analysis – GBPJPY As the clock ticks down towards the 31st Oct deadline, the market is becoming less optimistic that…
The Brexit news will be the catalyst to move this pair. The lack of real optimism has been limiting the appeal for GBP. The pair getting resisted with a Bearish Bat presenting itself at a Sell Zone.
CADCHF is a strong candidate to be my star favourite pair for 2019. The rule of the game is to trade it as you see it. Follow the predefined rules and trade them accordingly.
The risk off sentiment received a breather as China and US set to resume trade talks. We saw the USD losing strength as traders move away from the safe heaven currencies. USD weakness also partially caused by the NFP data coming in weaker than expected.