Based on previous analysis of GBPJPY the trade was opened and performed insane 📉
still running with 100+ pips more counting!
This is the 3rd winning trade in 1 week of my analysis
FOLLOW FOR MORE!
ALL THE BEST!
Add GBP/JPY in your watchlist, it seems it is ready for a potential down move 📉
Things to consider:
1. Big impulse last month, now taking breath
2. Traingle Formation
3. Hidden Divergence in RSI
4. Latest COT report : GBP - Long 43k Short 43k (neutral) JPY - Long 30k Short 85k
How to enter:
1. Study the chart as shown in my analysis
2. Wait until trendline is...
GBPJPY is currently sitting at 140.000 , a significant key area in the market and on the 1HR time frame we can see market forming a triangle pattern. Market now is squeezing more tighter and we can see a possible break to the up or downside.
For entries we have two different levels marked in pink area . We can get a possible entry on these levels with...
The 4-hour turning down with a bearish sequence against the 6/05/2020 highs at 139.74. The 1 hour is turning down against 134.69. While below there expect the pair to extend lower.
The 4-hour right side is turning down against 6/05/2020 peak (139.78) & shows a bearish sequence. 1 hour is also down against 136.34 high & shows a bearish sequence. Near-term, while bounces fail below 136.34 high and more importantly below 139.78 high expect pair to extend lower. We prefer selling intraday bounces in 3, 7 or 11 swings against 136.34 high in the...
The 4 hour right is down against 12/13/2019 peak (148.05) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower.
GOOD LUCK !