Let’s summarize what we have got with GBP-JPY pair in Forex so far.
A. Major trend on daily and weekly charts is bearish.
B. Couple of weeks ago we have encountered a 0.618 Fibonacci retracement on daily charts where market has stopped one more time in attempt to go upwards.
C. Nice blue line on the pic above […]
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Filed under: GBP/JPY Forex Trading
What bugs me today is that question above…
Today at 4:30 am EST we had Retail Sales data release for UK. I’m not a big guru in fundamental analysis trading, but I knew it was going to shake Forex market today. The Forecast was pointing at Pound becoming stronger (Forecast 0.3% versus Previous = -0.4%), but […]
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Filed under: First steps in Forex
Discipline is everything. Things moved my way as I did everything to get rid of bad habits and review my trading.
I also started doing even deeper analysis of the market. Now I analyze weekly charts, then daily, I write down my conclusions right there on the charts, it helps to remember my points about the […]
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Filed under: First steps in Forex
