Hi dear traders .
Here on GBPJPY seems that a correction ohase of first bullish impulsive move is going to finish .the correction has just met 50% of fibo ,we could expect a deeper retracement .so on H4 there is no sign of bullishness and every thing is bearish .we will wait and monitor price action until price shift to the bullish phase then a nice entry point above one of fibo level will give us a probable nice long opportunity .
Thanks for your time .
This is my point of view of current market , and you can analyze the chart before taking any action .
let me know your comment below and leave me a like if it was useful .
Here on GBPJPY seems that a correction ohase of first bullish impulsive move is going to finish .the correction has just met 50% of fibo ,we could expect a deeper retracement .so on H4 there is no sign of bullishness and every thing is bearish .we will wait and monitor price action until price shift to the bullish phase then a nice entry point above one of fibo level will give us a probable nice long opportunity .
Thanks for your time .
This is my point of view of current market , and you can analyze the chart before taking any action .
let me know your comment below and leave me a like if it was useful .
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