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xard777 or other MM pros,
Could you please take a look at my charts. What do you think will happen to the price of GBPJPY? The price of this pair is directly correlated to the price of GBPCHF & CHFJPY (GBPCHF * CHFJPY = GBPJPY)
What happens when it is btwn 6/8 & 5/8 on the day chart and just closing below 3/8 on 4hr?
The reason why I ask is because I have a buy at 221.99. From the looks of the charts, not a good place to be. Too bad the buy was entered on another signal and before I looked more carefully at the MM.
TIA,
dee
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