Midday Forex price action Analysis – 2016-09-29 (Analysis on yesterday’s GBP/JPY Trade)

In today’s analysis I find no new viable setups. So, I breakdown our open GBP/JPY long and talk a little about using support and resistance. Enjoy!

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3 Responses

  • Chris says:

    Hi Nick, bit of a general question but I was wondering how you get your horizontal price ranges (S/R zones) onto your chart? I’ve looked around my TradingView toolkit and can’t seem to find anything which gives me a similar result. Thanks!

    • Nick says:

      Hey Chris, I get this question quite a lot actually, I place a horizontal line and then I add a Flat Top/Bottom then edit it to have the highlight as it doesn’t do it by default.

  • Elvie says:

    Thanks Nick,
    Very helpful as usual, you’re analysis always help me out to find a good trade in the market
    Just wondering though, just in this analysis you said that you don’t like to hold your trade on fridays. may I ask why?
    Because I usually has a lot of losing trades on friday so just lately I’ve decided not to look at my monitor during friday to avoid anymore loses until I figure out the reason behind those losses. Thanks