Last week, I spotted a possible reversal signal on the weekly chart. I also saw weakness in the EURGBP trend, which means GBP pairs might go up, giving me a reason to hold this trade.
Finding this trade was easy. I usually use smart money concepts to find entries with a clear bias. Since I didn’t see any on the 1-hour chart, I used the previous demand area and combined it with a psychological number to get a perfect entry.
Trail that bad boy and you’re guaranteed profits. Especially if you’re fairly uncertain
Even though the yen is weak, they’re about to raise interest rates and are buying bonds.
Even tho the Yen is bearish, they’re getting ready to raise interest rates, and they’re buying bonds.
Yeah, Yen weakness hasn’t really been the state of play…I mean if GBP is strong and USDJPY holds firm then you might get back there, but I mean USDJPY has been dumping buckets.
Everything in your analysis looks solid, but you’re going against the major trend, which is clearly down. Remember, the trend is your friend. Place a sell trade, and it’s perfect.
What is your target I was in buys from 184.65 to 185.59 for 3% but I rly only try trade a few hours a day so set a pretty easy take profit.
I used to think GBP/JPY (GJ) moved faster than USD/JPY (UJ), but it’s actually the opposite. Whatever happens in GJ shows up in UJ first. Check the timestamps yourself to see.