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Gbp/jpy analysis for 09.30.2013 by using pivot indicator.
r3: 159.77
r2: 159.41
r1: 158.97
pivot: 158.61
s1: 158.17
s2: 157.81
s3: 157.37
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today i like to sell this pair @ 158.93
my stop loss of the day @ 159.23
half take profit for today @ 158.63
and further half take profit @ 158.36
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.
time frame- H1
the price is making symmetrical triangle chart pattern with the resistance at 158.70 and the strong support at 158.25. the rsi indicator is moving to the 70 level side so if its break the resistance it up movement is expected to the 159.30 level.
trade- long@
take profit@159.20
stop loss@1158.00
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.
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.
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.
the market conditions on the currency pairs gbpjpy is TREND DOWN with the following criteria :
running price on the market is 158.57
time frame that I use is H1
date on the forex market is 2013.09.27 11:31:41
yesterday high = 159.24
yesterday low = 158.00
Pivots = 158.66
S1 = 158.08
S2 = 157.42
S3 = 156.84
R1 = 159.32
R2 = 159.9
R3 = 160.56
so I'm is recommend your to open position SELL at current market 158.57 points with the risk management stop loss at point 158.82 and take profit at point 158.32
please try this and good luck all
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.
GBP JPY kept the stability above 156.75 to notice the bullish bias control return as was expected achieving 159.25 in yesterdays trading, to keep expecting the positivity in the near period to visit the initial suggested target around 161.40. Stochastic begins an attempt to get rid of the negativity by forming positive wave attempting to settle above 50 level as appears in the above chart to support achieving the previously suggested target level.
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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.
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 158.81 then also there are some indicators that I use as the Bollinger Bands is TREND UP, ADX is TREND UP, Stochastic is TREND UP.
Then consider the position if the market trend is moving toward more leads TREND UP,
then I strongly encourage you to order BUY at current market at 09:37 and use a stop loss and take profit of 30 pips
is the take profit at 159.11 and stop loss at 158.51
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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