GBPJPY 15min Setup 27th Jan, 2014 (Monday)

GBPJPY 15min Setup 27th Jan, 2014 (Monday)

• Confluence levels
• weekly pivot
• Around 50% and 61.8% retrace fib level
• Fib ext of 127.2% from swing from today
• Fib Ext inverse of 161.8% retrace of today
• 1hr chart stochastic Divergence

***Updated***

Trade successful

With 70pips and take profit closing 80% of trade size, leaving rest to run risk free

Gold Outlook for the week 27th Jan, 2014

Gold Outlook for the week 27th Jan, 2014

Daily Chart

• We have broken the resistance, and our next resistance hurdle is at the 127.2 ext (around 1290).  
• Divergence is showing on stochastic and RSI

Outlook Trade opportunity

I would have two trade setups both counter scalps
one at around 1290
and another at around 1320 (however, would not do a pending as of yet until closer time)

Aggressive traders could go long after a retest of the support ,

Risk Level High -- because its my first setup for gold

Tips -

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