Going long on GBPJPY base on mixture of Monthly Weekly and daily
GBP has been extremely lucrative for me this year
on monthly chart price has been halted on monthly support
creating two pin bars back to back
in September so far we have had a pull back to almost 0.618 of the original pin bar
WEEKLY CHART
A Divergence has been created since 2011
with MA 21 sitting on 145.00, Which is 1.618 of Last swing high of weekly chart (ab)
Which this has created a cross line between MA 21, Fib 1.618 and the divergence line.
DAILY CHART
On Daily chart a not very evenly set channel price been moving up and down . with a try of break out o july.
Price closed on daily support @ 133.0
This is another opportunity to buy low and sell high.
my two pin bar on Monthly chart is reason enough to enter a long trade however my weekly and daily chart confirmed this buy opportunity.
I will place a buy order with first buy signal on daily chart.
Good Luck
GBP has been extremely lucrative for me this year
on monthly chart price has been halted on monthly support
creating two pin bars back to back
in September so far we have had a pull back to almost 0.618 of the original pin bar
WEEKLY CHART
A Divergence has been created since 2011
with MA 21 sitting on 145.00, Which is 1.618 of Last swing high of weekly chart (ab)
Which this has created a cross line between MA 21, Fib 1.618 and the divergence line.
DAILY CHART
On Daily chart a not very evenly set channel price been moving up and down . with a try of break out o july.
Price closed on daily support @ 133.0
This is another opportunity to buy low and sell high.
my two pin bar on Monthly chart is reason enough to enter a long trade however my weekly and daily chart confirmed this buy opportunity.
I will place a buy order with first buy signal on daily chart.
Good Luck
Comment:
Monthly Chart
Comment:
Daily Chart
