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What to trade this week?


Hello everyone!

Friends, if you do not know what you can trade this week, then I can suggest that you pay attention to the cross: British pound sterling – Japanese yen (GBP / JPY).

Why did I choose this particular currency pair?

There are a number of reasons for this.

First, the price has moved a considerable distance from the upper balance line:

Second, the number of traders buying the pound for the yen dropped to 15%.

Thirdly, on the higher timeframes, signs appeared indicating a possible attenuation of the upward movement.

TF H4.

TF D1.

As you well know, GBP / JPY is a trending currency pair, so I will be gaining positional sales in several stages and in small volumes.

I do not put a stop (I manage the risks through loading the deposit), I plan to take profit if one of the following conditions is met:

  • discharged bearish divergence on higher timeframes;
  • the imbalance has been leveled (i.e. the price will return to the trading range).

Friends, take care of your deposits and may the profit come with you! {# 268}

DFMFOREX

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