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 Comments

  1. Chris

    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

      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.

  2. Elvie

    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