Forex Chart Marking for the today. Follow your Risk Management to trade. This is just for educational purpose. I m not suggesting anyone to buy and sell
Learn the Chart Pattern in easy Marathi Language. Contact : 9960800849. Wait for the breakout to trade. I am not suggesting anything to buy and sell. This is just for an educational purpose.
WE TOOK NICE 10 RR IN GBPJPY
THREE RAESON FOR THIS TRADE :
1 Treandline Liquidity Were There Just Above The Our ORDER BLOCK
2 EQUAL LOWS Also Formed There Just Above The Our ORDER BLOCK
3 There Were The IMBALANCE Also Our ORDER BLOCK Not MITIGATED
What are our targets for the GBP/JPY? This might all depend on Central bank intervention.
Last week the BoJ briefly intervened and now there is speculation that the BoE will follow through with similar measures to help prop up the pound, which has cratered in the past two days in response to the dismal economic outlook of the UK and new tax cuts from the government.
WTF in Down Trend, forming a Bullish RSI Divergence
DTF is forming a Falling Wedge Pattern, BO of pattern can lead to an up move
4H is forming a bullish structure with HH & HL and now the price is in range
1H price is forming HH & HL and is near the Resistance Line, On BO with volume one can enter a long position
GBPJPY has been on an upward trend channel for quite long time. It has approached a major resistance level now and has completely formed a head and shoulders at the resistance. It may fall a little, but the trend is still bullish. Let's see if the bullish run will end or not.
AS I WE CAN THIS PAIR IS IN DOWNTREND ON MONTHLY CHART, BUT SUPPLY ZONE CREATED ON MONTHLY LEVEL DOESNT REMOVED ANY DEMAND ZONE, SO WITH SOME CONFIRMATION WE CAN TRADE ON SMALLER TIME FRAME, AS ON WEEKLY SUPPLY ZONE NESTED IN MONTHLY REMOVED DEMAND ZONE AND MADE A LOWER LOW AND BROKE THE TREND ON WEEKLY, WE CAN GO SHORT ON WEEKLY GIVEN LEVEL.
THIS ANALYSIS IS...
