Did this based on technical analysis and price action justification. China urged some of her country's investors to buy more stocks in an effort to step-up their economy's slip towards a two-year low.
The Hang Seng China Enterprises Index shed 5.6% last week, the biggest drop in more than a month. Funds have been on the sidelines as they await the market to form a “double bottom,” a sign that it may be safe to build back positions.
will log results below:
Pair: GBPJPY
Type: BUY by Market limit
Entry price: 165.484 sits at a KEY LEVEL.
More safe entry price: 165.751 If price continues to break past this KEY LEVEL, the Long potential could reach the previous weeks Resistance
Time Frame: 15Mins
Date/Time Called: (24/05/22 Sunday; 22:30 EAT)
SL Range: 164.862
TP 1: 166.984
GBPJPY
The Hang Seng China Enterprises Index shed 5.6% last week, the biggest drop in more than a month. Funds have been on the sidelines as they await the market to form a “double bottom,” a sign that it may be safe to build back positions.
will log results below:
Pair: GBPJPY
Type: BUY by Market limit
Entry price: 165.484 sits at a KEY LEVEL.
More safe entry price: 165.751 If price continues to break past this KEY LEVEL, the Long potential could reach the previous weeks Resistance
Time Frame: 15Mins
Date/Time Called: (24/05/22 Sunday; 22:30 EAT)
SL Range: 164.862
TP 1: 166.984
GBPJPY