GBPJPY is consolidating a bit. USDJPY has tightened up to a 30 pip range from a 60 range over the past 48 hours.
Check back for more updates later in the day.
Showing posts with label fibonacci retracement. Show all posts
Showing posts with label fibonacci retracement. Show all posts
Thursday, July 23, 2009
Chart Update Going Into Tokyo
EURJPY has made a break above the 133 after a squeeze down, against 132,85 (Daily Pivot), and has hit first resistance line at 133.26. EURUSD and the AUDUSD have also made similar moves.
GBPJPY is consolidating a bit. USDJPY has tightened up to a 30 pip range from a 60 range over the past 48 hours.
Check back for more updates later in the day.
Click on Charts to enlarge. 
GBPJPY is consolidating a bit. USDJPY has tightened up to a 30 pip range from a 60 range over the past 48 hours.
Check back for more updates later in the day.
Wednesday, July 22, 2009
VIDEO: London Open and Review of GBPJPY Post
Video review of posted Forex trade setup on the GBPJPY going into the London session.
Monday, July 20, 2009
VIDEO: Review of Friday's London Session Sell on GBPJPY
Forex trade video review, from Friday's London Session. Trade was a sell on the GBPJPY. The video reviews why the trade was taken and why and how "Take Profit" levels were established using Fibonacci Retracement levels, and prior S/R (support and resistance) levels. Discussed are the importance of following your trade plan, and also the importance of taking profit when the opportunity presents itself.
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