GBP / JPY - quick pullback to 147 then Long to 152

ที่อัปเดต:
Looking at the longer term analysis of this pair and subsequent "noise" coming from Mr Carney of the Bank of England and somewhat confusing responses, "The biggest challenge, and opportunity, for the country is the Brexit negotiations", Mark Carney replies. Well I agree Mr Carney, the biggest challenge and opportunity on this pair, is working out which way it will go to make a profit, yes exactly, it means he has no idea, like the rest of us, but technicals work.

The market had a response of a quick sell-off on the £, not too aggressive, but thanks for the profits on that one, it was expected, I therefore expect a somewhat negative response to many of the £ pair for the short term, until the bears realise that the £ is super cheap and it's time to bail back in.

There is a divergance on long term volume, the pair is below the moving average and at the bottom of the channel, so it won't be too long to find out if we're heading down to 147 and then I expect a rocket back up to the highs, wait for signal before posting your trade.

What are your thoughts on this?
บันทึกช่วยจำ
Buyers have dived in at 147.5, I'm now waiting for a pullback to structure to confirm it will hold at this area.
บันทึกช่วยจำ
Bulls have moved with strength this morning after the lows at 147.59 and the bears were unable to continue the push-down, pull back to 147.8 confirmed structure is holding and we're now at 148.1 just under the moving average, a pull back and hold at 147.8 will confirm the trade is active.
การซื้อขายยังคงดำเนินอยู่
The moving averages crossed over and the trade has now bounced straight off it to the upside, confirm the bulls are in control. Sellers are glued to the south side of the moving average, and there is a lot of space on the bulls side, again confirming a bull bias. Waited for a pull-back to the moving average at 148, Trade is active.

Wait for a quick pullback to the moving average inline with structure and join me.

Stop is placed below structure at 147.5
First target: 149.00
Second target: 150.00
Third target: 151.00

Leave 10% at the end to run free. Be aware the £ is getting a hammering at the moment, but we are bouncing off long-term lows here.
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uk.tradingview.com/chart/H9VZvvEZ/
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Target reached at 149.
บันทึกช่วยจำ
I've had the first move on this trade, now to as planned, sell it down towards 147 or beyond, before buying it back up

สแนปชอต
การซื้อขายยังคงดำเนินอยู่
Short trade active at 148.896
บันทึกช่วยจำ
There is resistance at 148.6, be patient and let it ride out the storm, it may pullback to 148.65 ish, it'll move down nicely to our target, maybe lower, will assess at the time.
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Well done if you were patient and held on, I added to my position at 148.6, looking like the bears are back with us now, timed perfectly for the US open
ปิดการเทรด ด้วยตนเอง
Market reversed rapidly and broke structure, I've closed my position and taken profits. It's looking ready to look for a buy now up to the highs. Exciting stuff
การซื้อขายยังคงดำเนินอยู่
Reopened the trade after movement higher at 148.8 and the move average crossed over confirming a trend change, we’re light on uk news, so we should see strength in most gbp crosses, especially NZD.
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These are the two critical resistance zones we need to break out of. There is no financial news on the Sterling side, but you as we all know, brexit means brexit, which means any news can have a negative or positive impact, just trade what we see.

There is the Yen CPI at 00:30 UK time, so knowing the Japanese economy, that will show further weakness and as long as no news comes out, we should be in a lovely position by tomorrow morning, once we get passed the Brexit bears, which won't be easy.

You know the routine, trade, don't gamble, if you feel uneasy, reduce the size of your margin, you're risking too much.

สแนปชอต
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Final target achieved. Now a move up towards 150 to sell it back down again

สแนปชอต
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This pair is now working it's way back up to the long-term rising channel, it will be under a great deal of resistance, but the Yen is weak, I forecast it will continue on it's way to 152 or further, as long as the Yen remains weak, any positive Brexit news and this thing will rocket higher, the contra isn't the same, a small move lower, but it'll be a pullback while the Yen is weak.

สแนปชอต
บันทึกช่วยจำ
In profit now, might be short lived if the Yen drops again

สแนปชอต
Beyond Technical AnalysisTrend Analysis

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