GBP JPY - long smaller time frame
Hello analysts and traders,
We have an end of monthly candle close this week - price will look to close a bullish monthly close which is perfect.
September will be an interesting month.
Our trade is still running - but will test the wick at 141.6XX area.
On the smaller time frames 141 hurdle is still showing a good area where an engulfing on the 15min showed a good promise to add a position.
A smaller time frame entry is the 30min candle close - price can show an opportunity for price to discount itself.
Be aware of the UK bank holiday - however trading can still commence.
For us personally only a small entry was taken - 140.96 - but has enough movement to wick fill.
Enjoy the end of month.
More analysis to come in a pivotal month of September.
Thanks for following us and liking our analysis.
Team Lupa.
We have an end of monthly candle close this week - price will look to close a bullish monthly close which is perfect.
September will be an interesting month.
Our trade is still running - but will test the wick at 141.6XX area.
On the smaller time frames 141 hurdle is still showing a good area where an engulfing on the 15min showed a good promise to add a position.
A smaller time frame entry is the 30min candle close - price can show an opportunity for price to discount itself.
Be aware of the UK bank holiday - however trading can still commence.
For us personally only a small entry was taken - 140.96 - but has enough movement to wick fill.
Enjoy the end of month.
More analysis to come in a pivotal month of September.
Thanks for following us and liking our analysis.
Team Lupa.