GBP/JPY Week 27 Playout and Results
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Guys, I have never been so proud of myself. Mostly because I'm still learning so much, and having predicted the movement on this pair is huge for me. So I wanna share what happened here. Last week I predicted the following: "The price is gonna catch a lot of traders selling and selling because of the outbreak. I will not sell just yet. I will wait for traders to take their profits, thus bringing the price up to the ascending trendline and previous support area around 142.770. At that level is where I will wait to see the price action and possibly sell."
And well...
Lets take a look. The price came over the trendline twice, thus forming a double top. Leading into? Major profits!
Hope you all had a great week trading!
Guys, I have never been so proud of myself. Mostly because I'm still learning so much, and having predicted the movement on this pair is huge for me. So I wanna share what happened here. Last week I predicted the following: "The price is gonna catch a lot of traders selling and selling because of the outbreak. I will not sell just yet. I will wait for traders to take their profits, thus bringing the price up to the ascending trendline and previous support area around 142.770. At that level is where I will wait to see the price action and possibly sell."
And well...
Lets take a look. The price came over the trendline twice, thus forming a double top. Leading into? Major profits!
Hope you all had a great week trading!
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