Forex Trading 2018- TA/FA- Setups and discussion, page-15

  1. 12,874 Posts.
    lightbulb Created with Sketch. 370
    Here is the monthly GBPJPY (Pound/Yen)- Currently showing a strong monthly uptrend but its not broken through the red ichu line yet , nor has blue done a bullish cross of the red (which it has done on the weekly) so its not confirmed yet in the longest timeframe but its edging closer

    pound1.png
    Interestingly though over the shorter time zone 120 mins we now have a raid target developed whether it goes to raid it is another thing but I will be ready if it does to trigger a long position I will be hoping for around the 150.50 level lower better.....and will look to enter on the upside reversal from the raid (if both scenarios happen)

    pound2.png
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.