The purpose of writing this post is to share with you guys my trading signal so that you guys can make some money from my tips
For the GBPJPY, it has broke below a major support level at 135.538 and it should be able to move by another 200 to 300 pips before it hits another major support.
For user of my trade copier service, I have entered a SELL trade on Friday for you guys.
If you take a look at the daily chart below, you can see the major support level that is being broken.
If you take a look at the hourly chart below, you will also see that the major support level has been broken.
For the GBPUSD, it will be slightly harder to trade as compared to GBPJPY as the higher time frame for the GBPUSD is different from the lower time frame.
If you take a look at the hourly chart of the GBPUSD, you can see that the price is in a strong down trend and it is moving near to hitting a major support.
We have a SELL trade for this pair on Friday and I have shifted the stop loss to breakeven already just in case the price reverses.
But if the price manages to break below the 1.29114 support level, I can say that it will be able to move by another 50 pips down which is why we are still in the trade.
Below is the screenshot of my account for the trade copier showing you our entry and position for the GBPUSD and GBPJPY.
This is my thought for these 2 pairs for this week. I hope that you guys can make some profits from my tips