Another day of all-time highs for stocks but our FOREX market is just sitting here
Is there any way the stop loss supposed to be pinned at the top?
GBPJPY is getting close to a breakout
we are stuck in a sideways market
I pulled these numbers an hour early if there are any big moves last hour of the day I will post a revision, but nothing has really changed except AUD is getting close to overtaking GBP for the number one spot
So guys with this strategy we take pair that got a 2% spread THEN we wait for that 50SMA bounce on H4 in order to enter?
consolidation is the name of the game here,
There is no one strategy, everyone uses these rankings and applies them to their own strategy, if you like playing pullbacks then I like the 200 ma on the 1hr chart.
Looking at the GBPJPY chart tells it all
Sir Dennis3450, Thanks for this guide. I will check and review it to my chart.
The beginner's guide to FX trading