GBPJPY - Watching for the Pending Buy at 140.40
The Pound Yen is in an upward bullish movement toward the north. I am waiting for the market to come down to the Daily D extension and hit the trendline, where I will expect a bounce north into 151.38. The daily time frame is in the buy zone above the up trendline and is now moving bearish to form a low price. After turning to the one hour time frame, place a buy order at 140.40 and we will start buying counter trendline breaks bullish to the Daily D up price at 151.38 which is about 890 pips away. My trading class will be adding to the trade at the 618 pullbacks all the way to the target.
تم فتح الصفقة:
I have entered on mini lot to begin and as the Uturn comfirms, I will add the positions. That is what we always do with orders that are based on specific price entries especially with the turbulent activity on pounds today... I will watch for confirmation and add on the way up. Thanks!
تم فتح الصفقة:
Running one of them long. Let's see what this does on this support and then we can add. 40 pip stop from right here right now at 140.25
تعليق:
RUNNING 3 OF THESE FROM 140.30. Break 142 and 144 and look for the targets up above 151. I am going to just leave my positions in right now with the stop below that lowest point. Since tomorrow is Friday, this is likely a great trade for next week.
تم فتح الصفقة:
I've added at 141.57 go to 144.00 the stop is at 140.15 Thanks!
تم فتح الصفقة:
174 pips above the entry. Take one off. Pull to break even. Your stop needs to be at 140.15 for the more recent entry. Thanks!
تم فتح الصفقة:
Added to this position just now at 4:30 New York time on Wednesday evening. Set a 2:1 and look for 14250 tonight...
تم فتح الصفقة:
I am added again on this. The trade last night had to sustain drawdown but hopefully we will be OK during Asian set up
تم فتح الصفقة:
Staying into 151.38 We have enough room in front of us. Pulling to break even.
تم فتح الصفقة:
Taking one off from my entries at 14154.. The first ones are off. Currently carrying 5 major lots.
تم فتح الصفقة:
We broke through this resistance.... safe to add north of here... I am added from 14550 and leaving over weekend. You guys have a great one. There is no class next week as we are celebrating the July 4 holiday all week but we will return on July 10. Thanks!
تم فتح الصفقة:
I have reentered Pound Yen as of this morning. This is a light pullback trade. Target 145. stop below 142.5