GBP/JPY for a sell!

2021년 11월 18일Considering the recent move from the buyer, retracing from the strong sellers push from the Daily chart, we can see a comeback from the sellers in this area. As seen on the chart the buyer is slowing down near the sellers area of importance. Recently there was a strong reaction from the seller and now a push up can be seen. The push up is slow, but it has not concluded, yet.
Based on this analysis, it can be said, that there is a higher % chance there will be a movement down. There are GBP news coming out tomorrow (19/11/2021), as well as JPY Core CPI. They might affect price in some way, so management needs to be done around the times of the news comming out.
Overall, the setup looks good, but timing is the bigger problem, because of the news and the desire on part of investors in backing up the Yen.

I have entered this trade with comfortable lot size for me.

Disclaimer: This is trade setup based on my own analysis and knowledge of the markets. Use this information at your own risk, this is not a financial advice!

2021년 11월 19일

매매 수동청산

Trade is closed, the buyer is too consistant on the way up and the news came out good for GBP. I will continue to monitor the chart and look for sellers strength to reenter.

2021년 11월 19일

액티브 트레이드

Reentered with the same size at price 154.250 for a sell. Comeback from the seller can seen on the 1H chart, although, this is a riskier entry than what i would have liked.

2021년 11월 19일

코멘트

SL moved to 153.719

2021년 11월 19일

코멘트

50% of the position removed, SL moved to 153.435. Holding till next 4H candle, then i will decide if i want to hold beyond that.

2021년 11월 19일

매매 수동청산

Last part of the position is removed. Good profit and fantastic trade.