� This week, I'm keeping a keen eye on a counter-trend trading opportunity for USDJPY. I'm patiently waiting for a potential shorting opportunity at the Key Resistance Level of 142.96.
⚠️ However, it's important to... more[Counter-Trend on Dollar-Yen]
� This week, I'm keeping a keen eye on a counter-trend trading opportunity for USDJPY. I'm patiently waiting for a potential shorting opportunity at the Key Resistance Level of 142.96.
⚠️ However, it's important to note that despite this shorting opportunity, my overall bias remains bullish on the US Dollar. This week appears to be a retracement week in the market.
Stay tuned as we navigate through market movements and identify potential trading setups. Let's make the most of this retracement period! ��
� My bias is strongly inclined towards buying GBPUSD. Currently, I'm eagerly anticipating the formation of an Ascending Triangle trading setup.
� There are two possible scenarios to consider:
1️⃣ Waiting for a retest back to the trendline for a... more� My bias is strongly inclined towards buying GBPUSD. Currently, I'm eagerly anticipating the formation of an Ascending Triangle trading setup.
� There are two possible scenarios to consider:
1️⃣ Waiting for a retest back to the trendline for a prime buying opportunity.
2️⃣ Observing a violation of the red line at 1.2853, followed by a retest, before entering a trade.
Stay tuned as we closely monitor the market for the ideal buying entry. Don't miss out on this potential opportunity for profitable trades! ��
Overall Bullish, But I'm Countertrending This Trade]
GBPUSD is currently experiencing an overall bullish trend, as evident from the Weekly Chart (right) showing bullish movement within the Buy Zone.
My trading approach will shift to bullish once it hits the key support level or the bullish trendline.
Stay tuned for more trading insights and updates!
