My sell target is hited by gbp/jpy . in sell 37 pips profit. @>-I am happy that today my prediction for gbp/ jpy falling is correct. :). today not more. see next monday. :respect:
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http://i53.tinypic.com/29fwawy.gif
if we see its line chart we find ye pair lagatar niche gir rahaa hai...ho sktaa hai kuch week me ye apne previous down ko touch kr legaaa...
http://i1123.photobucket.com/albums/...1118-31-04.png
GJgo without a correction UP at all. although not profitable, which is important not experienced loss, spirit.
as expected the price rise back up with a strong bullish engulfing candle......let see if the up ward momentum can continue until the end of the day and if that happen then it confirm the buy setup for this week.......134 - 136 next level to watch
Trend formed:
Current price @ -xxx-. hhmm..gj. pairs that I feared. already drawn up a few candles. I just followed the trend in h4. until the upper limit that is in high sma5 d1.
Position For Order:
Position 1 ==> instan buy position
Position 2 ==> buy limit @ 128.90
Money Management (MM):
Use multilevel lot. ...Lot Position 3 > lot position 2 > lot position 1.
Stop Loss and Target Propit up to you, but i like to cut loss and cut profits.
Note:
Always slide the buy / sell limit follow the movement of sma or ema.
And remember, always disciplined and follow the rules.
Image link:
http://i1123.photobucket.com/albums/...0116-41-46.png
The pair seems to break the minor uptrend line.
If the price able to break the line, we may see down movement targeting 128.44
Major trend : Down
Minor trend : Up
Current status : The pair is trying to break the uptrend line.
http://i56.tinypic.com/29cp1f7.gif
aftter touching up trend line come down..and i thing this pair come down...we can put sell order with 128.18 tp and sl 129.72
The trading range for today is among the major support @ 128.50 and key of resistance @ 130.20.
The general over short term basis is to the upward targeting 129.80 as far as area of 130.20 .