GBPJPY has been is a corrective move down for the last few trading days. The pair reached monthly and weekly pivot zone at 184.50. Price made a higher low and now recreated towards 50%. GBP shows some strength against other currencies. Given there is no NY trading today, there is some risk of the price not following through.
Date: 11/26/2015
Pair: GBPJPY
Price: 185.10
Trade: Buy Market
Lot Size: 0.01
Stop Loss in Pips: 100
Take profit in pips: 300
Risk of Equity: 1%
My Trading Checklist
ARE THERE MAJOR RISK EVENTS TODAY/THIS WEEK: No
Is the market risk off or on? SP500, DAX, NIKKEI. Are the down or up: Risk Off
Is this trade with the trend?: Yes
Did I see it yesterday?: Yes
Is this a pullback measured by Fibs?: Yes
Am I buying support?: Yes
Am I selling resistance?: N/A
Is this entered during London’s session?: Yes
Did the price pulled back from 200MA on 15Min?: Yes
Are stochs extreme on multi charts?: Yes
Where is the price in terms of Pivots Points?: Support
Date: 11/26/2015
Pair: GBPJPY
Price: 185.10
Trade: Buy Market
Lot Size: 0.01
Stop Loss in Pips: 100
Take profit in pips: 300
Risk of Equity: 1%
My Trading Checklist
ARE THERE MAJOR RISK EVENTS TODAY/THIS WEEK: No
Is the market risk off or on? SP500, DAX, NIKKEI. Are the down or up: Risk Off
Is this trade with the trend?: Yes
Did I see it yesterday?: Yes
Is this a pullback measured by Fibs?: Yes
Am I buying support?: Yes
Am I selling resistance?: N/A
Is this entered during London’s session?: Yes
Did the price pulled back from 200MA on 15Min?: Yes
Are stochs extreme on multi charts?: Yes
Where is the price in terms of Pivots Points?: Support