Hi, Readers,
Great weekend and great run gold and other commodities as BOJ hold further easing and no clues of adding more stimulus package to recent ongoing package.
Here I have put an chart of recent activity in the pair gbp/usd and the reason why I went short and long and has long term targets, but I would built up new plan and strategies when the next weekend start and that is what we always need to do at the start of new week.
How we built a trading system based on context
We often look for the help of certain trading strategies and develop a system which really ends up with relying on candles e.g pin bar rejection at pinbar, bullish engulfing pattern at 61.8% Fibonacci which still does not confirm how does that describes that it will have a follow through and you look to wait for large stops below the pin bar or Engulfing pattern which does not really help anyways.
