FOREX
ANSWER
 

Market Cycle Trading

Catching GBP/JPY Off Guard – 07/20/09

by Henry Liu on July 20, 2009

Here is a trade that I took earlier on today based on a few different reasons, but primarily on Market Cycle.  Judging from the levels of GBP/JPY at the time of entry and combining with my overall long-term outlook for this pair, and just the general fundamental outlook for the Sterling (GBP) this week, I felt very confident in taking this trade and seeing it to profit in less than 2 hours. 


4 comments