EJ
GBPJPY - BUY OPPORTUNITYLooking to BUY GBPJPY in BUY AREAS and to close positions in TP AREAS. (30+ PIPS)
- Do not enter on strong bearish momentum through BUY AREA 1, Strictly looking for reversal signs
- Wait for reversal pattern
- Enter on price action in BUY AREAS, should price break through BUY AREA 1 with strong bearish break through to BUY AREA 2, enter BUY AREA 2 on signs of reversal as final call for long.
Trade Safe
EURJPY Plummet after PullbackEURJPY, a very bearish pair right now has descended longterm, and has recently pulled back from it's bearish trend towards a 3 time tested level of resistance on the Daily chart. I am now looking for a bearish trend continuation and expect EURJPY to plummet downwards in the week.
A small picture Within Bigger picture!!!As we expect EJ to go higher, why not enter, ride the wave and join the party as we go to the 121.000 zone.
Currently, we are taking profits at around 118.300 then we wait for price action to re-enter long again.
BUT be on the lookout for the brexit vote on 31st Oct.