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GBPJPY movement declined to 169.62 is retrecement under which a point of correction. Then the support has been in the can from 168.86 is expected to push up towards the first resistance level of 172.40.
Thread: Gbp/Jpy
GBPJPY movement declined to 169.62 is retrecement under which a point of correction. Then the support has been in the can from 168.86 is expected to push up towards the first resistance level of 172.40.
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GBP/JPY
Daily Pivot Points
S3 161.01
S2 165.32
S1 168.11
Pivot: 169.64
R1 172.42
R2 173.96
R3 178.27
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I use scalping strategies on this currency pairs Gbp/Jpy so I prefer the short time that is the timeframe M15 and M30,
that's position market on 170.55 then also there are some indicators that I use as the Bollinger Bands is BREAK LOW, ADX is DOWN TREND, Stochastic is DOWN TREND.
Then consider the position if the market trend is moving toward more leads TREND DOWN,
then I strongly encourage you to order BUY at current market at 04:12 and use a stop loss and take profit of 70 pips
is the take profit at 170.85 and stop loss at 170.25
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Pair = GBPJPY
Camarilla pivot point
R4 = 173.30
R3 = 172.11
R2 = 171.71
R1 = 171.32
S1 = 170.52
S2 = 170.13
S3 = 169.73
S4 = 168.54
Thursday, December 19, 2013
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today my analysis to open position BUY at market watch on 03:41 in currency pairs Gbp/Jpy with H1 timeframe and market position at 169.75,
because if my prediction of several indicators in Cricket Scalper shows there is a BULLISH signal on the Gbp/Jpy pairs
and Stoch(5, 3, 3) indicators are in position DOWN TREND and shows a BREAK LOW signal,
so the most appropriate order position is to perform open position BUY by placing a stop loss at 169.45 and take profit at 170.05
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MY ANALYSIST FOR pair TODAY,18 dec 2013 USING PIVOT POINT STRATEGY
sell limit STOP : 170.77
TP: 170.27
if price close above : 171.23
the pair will go to : 171.80
HAPPY ENJOY TRADING...
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the trend is still down
if indicates the trend is still trade down from :171.00
Recommendation: sell
Take profit1: 170.60
take profit2:170.10
Stop Loss :171.40
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Date: 18 dec-2013
TRADING by using pivot indicator.
indicators today : sell
if price break down LEVEL : 171.09
the pair will go to :170.60
and then go to level :170.12
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Updated : 18 dec
movement: 0.01%
Support : 169.20
Pivot : 170.20
Resistance: 171.34
buy from: 170.55
target: 170.90
stop loss: 169.84
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
date : 18 december 2013
pair :gbpjpy
mfi(13):51.71
mfi(5):63.99
a/d :2331
opv :-5260
volumes :14160
the pair in down trend
i see the pair go down from :170.04
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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