GBPJPY backdown before trend continuation
GBPJPY are retracing back down to the daily support line.
You can take this as a counter trend trade and a bounce trade, back DOWN to the daily support area..
When hitting daily support line, we look to long entry according to Norse trading rules (see previous posts).
Be aware of the week double top forming, so we need to keep that in mind if something doesn't go as planned.
Rember:
1)Entry Rules
2)Money Management
3)Position Sizing
4)Exit Rules
5)Having Fun in the chats /forums and even with your IRL friends
Happy pipin'
You can take this as a counter trend trade and a bounce trade, back DOWN to the daily support area..
When hitting daily support line, we look to long entry according to Norse trading rules (see previous posts).
Be aware of the week double top forming, so we need to keep that in mind if something doesn't go as planned.
Rember:
1)Entry Rules
2)Money Management
3)Position Sizing
4)Exit Rules
5)Having Fun in the chats /forums and even with your IRL friends
Happy pipin'