USDJPY trading using “wave analysis”.
Hello Traders, this is a sell we took in our trading room. We will sell again if it breaks the trend line and consolidate. This setup was posted, you can watch it by clicking on the two charts pinned in this post!. It’s called “wave analysis” and it’s the BEST METHOD existing that allows you to forecast the charts with high probability on you side. It allows you to not only forecast a single move in one direction but multiply moves based on how structure generally behaves . Trade with care Thank you for your support.
EURUSD sell setup
The EURUSD is still in the 240 up trend , this move is a short term sell to the lower trend line. If it spikes above the trend before it breaks , the trade is no longer valid and I will wait for consolidation and buy setup. Trade with care Thank you for your support.
GBP is good to short the pull back
GBP is good to short the pull back Reason: 1. 0.618 LEVEL 2. 1.618 EXT 3. Previous Structure 4. RSI over bought
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don’t ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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