Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Wednesday, December 2, 2020
Forex Trade GBP/JPY
GBP/JPY 11-Nov-06:00 -> 02-Dec-22:00
Target Level: 138.2920
SL:
(A)
138.2920
Last TP of Channel Up
RL:
(B)
140.4465
Last TP of Channel Up
Target Period: 2 days
Interval
4 hour
Pattern
Channel Up
Length
53 Candles
Identified
02-Dec-14:00
Channel Up identified at 02-Dec-14:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 138.2920 within the next 2 days.
No comments:
Post a Comment