ditebogo007

ditebogo007

So with this pair, at the moment I wont be taking trades as market seems to be moving sideways. But once/if the market breaks the consolidation box at the level of 14.861 there will be a higher possibility of an uptrend, since in the 15min chat i noticed an upside down head and shoulder pattern, so high chance of an uptrend market. on the chart I have also put in...

ditebogo007

I noticed that the GBPJPY is predominantly in an uptrend movement. This trendline was fully broken broken and price has move to a support/resistance line at 140.965. if Candle stick closes above this support/resistance line, I am expecting the market to retest the 141.129 region, so I would personally take a long trade here. Have my take profit @ 141.100 and stop...

ditebogo007

With this trade i am waiting for a long trade because of the following. There was an engulfing candle stick that formed just below the resistance line, which possibly indicates a bullish markets. After 30 minutes so that the candle closed above the consolidation box which gives more emphases on a bullish market.