Lukman_M

Lukman_M

I'm not a crypto expert but this is what I see on the D1 graph of bitcoin. Current trend is downtrend, might want to consider short position. But for the time being, I'm neutral. (Playing safe). xD and trade safely guys!

Lukman_M

Price is trading in the area of support. I would go long for a short term trade with stop loss about 15pips below the support line to make sure it is not triggered by the market's noise.

Lukman_M

Due to the recent election result, the GBPJPY pair has made a big bullish movement resulting in high volatility condition. My view on this pair is that the price may not retest the new support area due to the high momentum. I think that the price might go towards the area of major resistance and made a side way movement there.

Lukman_M

Price might retest the support become resistance area. Apart from the price action, we can also see the divergence between RSI and price where RSI increases while price continue to move down.

Lukman_M

In the longer time frame, we can see the price is trading near the support area. In the shorter time frame, the price broke the short term resistance line. This mean that price is building up momentum near the support area giving us opportunity to go long with minimal risk.

Lukman_M

The trend line and support line forms an area of confluence and so far the support area is still holding. We can start to search for long setup.

Lukman_M

As for now, my position is still neutral as I am waiting for more information and confirmation. On the longer time period, the price is in the downtrend. Naturally, I will be biased on the short opportunity. Now, I am waiting for the price to trade into the blue area where we will be ready to look for short opportunity.

Lukman_M

Selling momentum is weakening as the buying pressure is almost equal to selling pressure.

Lukman_M

As you can see on the chart, the downtrend loses momentum and made a sideway movement. This signals that a potential big move might happen.

Lukman_M

Price broke from the two weeks ranging market and form a symmetrical wedge pattern which is a trend continuation pattern. Looking for long movement.

Lukman_M

The price failed to penetrate the dynamic resistance line provided by the ichimoku cloud and the parabolic SAR shows a sell signal.

Lukman_M

The price is trading near the D1 trend line. We should be looking for sell setup.

Lukman_M

Based on the trendline and ichimoku cloud, wen can see that the price is in the bearish movement for the past few weeks. The selling momentum is present. Time to short.

Lukman_M

GBPJPY pair was in a two weeks ranging market with an extremely low volatility. The recent breakout from the ranging market and accompanied by increased volatility and momentum signalling a possible trend continuation.

Lukman_M

The usd currency is taking a toll from the trade war between China and USA. That is why this pair is not able to break the new resistance. I am going in for a short position. Trade Safely!

Lukman_M

It is time to continue shorting GBP currency as the dark horizon of brexit is approaching soon. I would say that the downtrend momentum is still strong in the bigger time frames while the current short term uptrend might be the upward pullback taking place. Anyway, Trade Safely!

Lukman_M

The current sentiment for gbpjpy is quite optimistic, however I personally think that the Great Britain economy will be hit when Brexit occurs. When Brexit occurs this October, we may see a temporary contraction of GB economy during the transition period that will weakens the pound sterling. The selling momentum on the D1 time frame is also quite strong. Trade Safely!

Lukman_M

For the past few months, this pair has been trading in a downtrend momentum until recently the price makes an upward movement. I believe that this is only an upward pullback and the price is going to continue its downtrend movement soon. Trade Safely!