Thursday, 27 October 2011

GBP/JPY Analysis

News coming out of a new eurozone bailout had turned everything bullish again for now. Price Action signals are now on the daily timeframe for this pair.

Past 3 days there have been 3 pinbar candles, all bullish all bouncing off 21ema. Trend is now up. Moving averages pointing up. I think theres a nice risk/reward to be had here so am setting the below order to go long

STOP: 12101
ENTRY: 12180
LIMIT: 12417

Risk/Reward: 3/1

Posted by at

3 comments:

  1. Tee Man30 October 2011 at 23:03

    Order still on, annoyingly missed my entry by 2.8pips. Will see what happens tomorrow

    ReplyDelete
  2. Tee Man31 October 2011 at 23:10

    very frustrating again, came to within 6pips of my order then rocketed north, missed the boat

    ReplyDelete
  3. Tee Man8 November 2011 at 21:55

    so frustrated that i didnt update this either. on the 1st nov, it came within 5 pips of my order again then decided to rocket nearly 600pips north

    ReplyDelete

Subscribe to: Post Comments (Atom)