All major points are mentioned on the chart itself...
These points are as per previous chart history with my calculation...
Do your own research before entering into the market...
Thanks for your support...
All buy/sell points with TPs and SL are mentioned on chart... You can observe the candles before quick trade setup...
For accuracy of my forecast, you can check my previous chart of GBPJPY in my profile section...
Please do your own research before entering into the market...
Thanks for your support...
All the points are explained on chart and you can do your own research before entering any trade (LONG/SHORT).
This is my personal analysis based on previous chart history and some calculations based on indicator like RSI, MACD, STOCH...
Thanks for your support...
All the major points explained on chart... go with the flow and enjoy the profit on both the sides...
I am with SHORT position of GBPJPY but also can go for LONG is needed...
Do your own research before entering into the trade...
Thanks for your support...
It'll be more clear if you look at your chart in D1 TM.
I've spotted raising wedge which is reversal pattern and the H&S pattern still seems to be valid, the new bearish impulsive moves started this is why the current trend up seems to be counter trend.
to sell the market wait for the break of the falling wedge and the correction channel.
Note:
All ideas...
The market may move in either two directions:
1. if the candle closes below 152.9 the target is 148.9
2. if the candle is closed above 152.8 and the price is increasing the target is 157.43
THIS IS JUST FOR EDUCATIONAL PURPOSE. THIS ANALYSIS IS NOT FOR FINANCIAL PURPOSE.
We can see a clear 5 wave structure on upside. This suggests that there should be a three a wave downside correction . One should go short on any bounce with SL of 152.6 for tgt of 151- 150.8 zone .
Pound against Japanese Yen pair, has a bearish outlook from technical view this month, no exceptional of the downtrend this week too,
it has strong resistance of 152.250 or 152.500 zone, this area pushes the price down further in the coming week 151.750 area..and a down wedge pattern also support this bearish scenario..
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...
Dear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As i said last weeks ... GJ rejected and closed the month below the trend line as I said and has already made 400 pips from the 700-1000 forecasted a few weeks...
