Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (133.6). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
After completion of the Head and Shoulder pattern, the counter GBPJPY is experiencing a double bottom. A Double bottom is a strong chart pattern for a bullish trend. Today the counter broke out the peak price (136.00) of the double bottom and started moving upwards therefore long is more preferable for this counter.
About me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his...
Price is at a KL area of the structure and has formed a double bottom. There is a high probability for it to go LONG. The possible is that it can go lower and touch the bottom TL before going LONG. Either way will look for the hover or 1st correction to enter the trade long.
Back with another possible GJ set up. Buy levels and TP along with SL have been given! :)
GBPJPY formed a Head & Shoulder pattern in 1 Hr time frame as well as neckline broken for sell entry.
This is my prediction for GBPJPY. Hopefully it will run as my prediction
Took a GJ buy with extremely small lot size since the tp is huge and so is the SL. Will hold till either one triggers! :)
Price reaching supply zone on this pair, huge R:R if trade plays out as expected.
Gj short, re testing what would be a previous resistance has now become support to see a bounce. let me know what you think
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (131.96). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....