I closed the GBP/JPY position at 149.15 after it touch the lower channel on hourly chart. The pair broke the channel literally a few seconds after I closed it :P I quickly opened another position and closed it with 66 pips. So, it turned out that the second attempt to sell GBP/JPY ended well. As I mentioned in my previous post, the target can be more way down at 145.50 or 143.60 area. So I will look for 30 EMA signal on hourly chart to enter another short position.
GBP/JPY H1 Chart
I also entered EUR/USD after I realized that the price was near 1.3587, which is 50% Fibo retracement (yellow) of 1.4718 (December high) to 1.2456 (March low). The pair broke a minor trendline on hourly chart and I closed it at 1.3406, few pips above 38.2% retracement (blue) of 1.3113 (March 30 low) to today's high at 1.3580. There is a long signal on 4 hour chart actually with stop loss around 1.3265 but I think I'll wait until the pair touches or near another trendline below. Below is the chart. Happy trading!
EUR/USD H1 Chart
Posts
0 comments:
Post a Comment