Looking to go long gbpjpy Monday at around 1 pm, NY time zone based on my cycle analysis shown in this video.
You don't understand. I am looking for a trade lasting maybe 2 hours!I am bearish on the GBPJPY for tomorrow Monday. I attach the charts predicting the GBPJPY from the Volatility Response Model for Monday. You can find a description of the model on the first post of the FOREX thread
"Predicting future FX support and resistance levels using mathematics "
Last Friday the GBPJPY fell down through the middle (blue line) of the short term trend channel at 137.10 and so is now short term bearish. For the GBPJPY to become short term bullish you need the price action to find support on this level.
Depending on how long you want to keep the trade, the next obstacle is the middle of the long term trend channel at 140.46 (green line). Until the price action finds support at this level then the GBPJPY will remain long term bearish.
View attachment 263822
Thank you for pointing out the timescales for your trade. Let's see what happens at the start of the week.You don't understand. I am looking for a trade lasting maybe 2 hours!
I am bearish on the GBPJPY for tomorrow Monday. I attach the charts predicting the GBPJPY from the Volatility Response Model for Monday. You can find a description of the model on the first post of the FOREX thread
"Predicting future FX support and resistance levels using mathematics "
Last Friday the GBPJPY fell down through the middle (blue line) of the short term trend channel at 137.10 and so is now short term bearish. For the GBPJPY to become short term bullish you need the price action to find support on this level.
Depending on how long you want to keep the trade, the next obstacle is the middle of the long term trend channel at 140.46 (green line). Until the price action finds support at this level then the GBPJPY will remain long term bearish.
View attachment 263822
Yesterday I uploaded the VRM predictions for GBPJPY. I attach the results for today at close in NY. Times are GMT-3 (Atlantic summer time) and NY local time + 1 hour. EMA(4,7) included. The main VRM levels are shown for the 30 minute time interval. High at the highest daily sentiment level 136.95, low at daily level 136 with some support at the weekly S1 sentiment level 136.37 All these levels were on yesterday's post
The weekly levels on yesterday's post will remain valid until the end of trading Friday in NY.
Closed trade with decent profit.I went long gbpjpy 4 pm Tuesday. Did not trade previous suggestion.
To which level? 1.15 is the next resistance I guess.Now long a Nadex touch bracket in eurusd. Cycle analysis suggests up move for a few days.