GBP/JPY

[arco]

Todays trade of the day on the blog

I shorted the Beast with a sell stop at 149.85 -


POSTED BEFORE ENTRY

GTA - arco

 

[Dracuu]

Hi Arco, nice trade, very well done!

Can you tell me what the first yellow circle you have marked represents please? Is it a TS/KS cross or are you using the CS there?

Also, you marked the cloud where it is thin. Do you look for that as a sign that it will flip soon?

Thank You

 

[arco]

Hi Arco, nice trade, very well done!

Can you tell me what the first yellow circle you have marked represents please? Is it a TS/KS cross or are you using the CS there?

Also, you marked the cloud where it is thin. Do you look for that as a sign that it will flip soon?

Thank You

Hello Dracuu

I yellow spotted the 3 elements that confirmed the trade. Chikou through plot, TS/KS cross, Ahead Kumo bearish

Follow on chart - max was circa +81

 

[Dracuu]

OK thanks, I am getting the idea. Good trade!

 

[Dutchy3]

For those with a D1 view of GBP/JPY. The H4 signalled on Friday for potential commencement of wave 3 returning to 144.500 ish by mid - late September 2017