Today I'm going to give you two trading opportunities, especially for people who like short term trading and also long term trading. Let's check it out!

Hello traders! How's everything? Hope everything is good!

Today I’m going to give you two trading opportunities, especially for people who like short term trading and also long term trading. Let’s check it out!

 

1. Long Term Opportunity: Buy On GBPUSD

I have checked the GBPUSD pair and I found there is bullish divergence on daily chart. As always, divergence on daily chart is likely to provide a strong signal.

gbpusd

I recommend to BUY this pair. Put your stop loss just above the latest low, and your profit target at least twice of your stop loss (make sure it’s 1:2 risk reward ratio).

  • Position: BUY
  • SL & TP: around 1.5020 & 1.5470

 

2. Short Term Opportunity: Buy On USDJPY

Another opportunity is for USDJPY pair. I have checked this pair and there is hidden bullish divergence, good signal to go long.

usdjpy

The Stochastic has crossed over already but I still want to wait for the MACD histogram to close at least higher than the current one as confirmation that the price is going up.

  • Position: BUY (wait for the confirmation)
  • SL & TP: around 122.60 & 123.60

As always, do not forget to use proper risk management!

 

Happy trading,
RICO FY