Categories
Charts, Levels and Strategizing

GBPJPY: Week of 6 December 2021

See daily chart of GBPJPY below for the discussion that follows.

GBPJPY is currently testing important support. I will be looking to go long if this support is confirmed by relevant candlesticks / price action.

I placed a buy limit order for EURUSD (post from last week) which never got filled. I’ll keep watching for possible pullbacks.

Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.

On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.

Thanks for reading.

Thanks and Regards,

Trading SOS SOS