GBPJPY 4H LONG TRADE

Price is in between 50 sma and 100 sma
Chart showed good example price goes halfway and falls back to 50 sma
Macd above 0 level line Bullish bias
Price will continue to 100 sma or may fall back to 50 sma again
If price falls back to 50 sma it will continue falling or bounce towards 100 sma
Watch Macd for direction
Two possible ENTRIES
Take Profit is either 50 pips or the 100 sma
SL below 50 sma

Kommentera:

Price did fall below 50 sma
New Entry point short
New Take Profit

Kommentera:

Sorry wrong chart

Kommentera:

Here is some thoughts on the 15m

Kommentera:

Pair in consolidation