I am a big fan of divergence myself having had the advantage of a triple bearish divergence on this trade when I entered. Your analysis is possible. Being a swing trader i will most likely just weather that move and wait for 150.35

GBP/JPY

Price has closed below the 151.88 support level. I now expect the following levels to act as support 151.17 150.78 150.35

GBP/JPY

Price fell all the way to 151.88 and reacted. our two previous support levels now become resistance levels Lets see what happens if we retest 151.88

GBP/JPY

Hello helioss. Like your chart. Say, can you post that yellow oscillator on your chart on here, seems interesting to me

Cable Update (GBPUSD)

I have attached my explorer as a signature. Its a demo account. Working on optimizing a strategy on this pair.

GBP/JPY

Short 152.87 SL 153.43 Expecting supports at 152.54, 152.23 and 151.88

Swing Trading The GbpJpy

I am now short this pair for the retracement. I expect it to find support at 152.54, 152.23 and finally at 151.88

GBP/JPY

Major Support at 152.54 and below that 152.23 Clear seas ahead, should push up considerably, no resistance in sight

GBP/JPY

long this pair from 152

GBP/JPY

an SL will also serve as a reversal

GBP/JPY

Im looking at that Double Divergence on the chart. Short at 151.22 SL at 152

GBP/JPY

Long Gold at 1719.66 Targeting 1780. Price has reacted to significant support

Wall Street - Developing Professional Traders

update

Trend Trading: It's Not as Difficult as You Think

Calm down everyone, its NFP in a few hours. I'm thinking a green figure, 230+. What's your opinion?

Cable Update (GBPUSD)

I'm expecting 3735 soon

Cable Update (GBPUSD)

Yes. True. But once those daily bears get to work....

Cable Update (GBPUSD)

Because there is way more pressure from the daily trendline. (Green line)

Cable Update (GBPUSD)

This is my view. I can see the TL you're talking about (red line). There is also support at 3845 (blue line). But should both give way, I expect 3820-3810 today.

Cable Update (GBPUSD)

Your trap line might be working. Price is back inside the channel, might look for lower TL in channel. I expect 3820 to be hit soon.

Cable Update (GBPUSD)