gbpjpy is a quick short back down to the 146 level or wave 4
THESE ARE NOT just lines and doodles on a chart ...this shit technical analysis works for a reason
supply (short sellers) got trapped around 147.31 which is typical at the 23% Fibonacci retracement level (black circle)
demand (long buyers) got trapped right back at the high as the breakout was actually a fake out.
So now supply will shortly outweigh demand and crash through the 23 fib and touch the .38% fib which is typically a good target ESPECIALLY AFTER retest.. DM to join my free telegram
prepare to pay for premium services for profitable targets that take place in as little as 10 min or 4 hours or swing trade targets. Ill leave this here just for reference and to show off and brag on my skill to other traders
remember the game is rigged
70% of the worlds currencies are controlled by 3 financial institutions. So how do you think they make money? by taking small time traders and investors money. Remember trading and investing is 0 SUM which mean you cant sell if there is no buyer or buy if there's no sellers. This money (liquidity) Has to come from somewhere....Thats peoples IRAs, 401K, inheritance, or salary from work floating around providing liquidity. Less than 20% of retail traders (independent traders) actually are profitable and only about 2% of those are profitable to do it for a living..lets go
500x leverage x 1.7% = 800%+ profit
THESE ARE NOT just lines and doodles on a chart ...this shit technical analysis works for a reason
supply (short sellers) got trapped around 147.31 which is typical at the 23% Fibonacci retracement level (black circle)
demand (long buyers) got trapped right back at the high as the breakout was actually a fake out.
So now supply will shortly outweigh demand and crash through the 23 fib and touch the .38% fib which is typically a good target ESPECIALLY AFTER retest.. DM to join my free telegram
prepare to pay for premium services for profitable targets that take place in as little as 10 min or 4 hours or swing trade targets. Ill leave this here just for reference and to show off and brag on my skill to other traders
remember the game is rigged
70% of the worlds currencies are controlled by 3 financial institutions. So how do you think they make money? by taking small time traders and investors money. Remember trading and investing is 0 SUM which mean you cant sell if there is no buyer or buy if there's no sellers. This money (liquidity) Has to come from somewhere....Thats peoples IRAs, 401K, inheritance, or salary from work floating around providing liquidity. Less than 20% of retail traders (independent traders) actually are profitable and only about 2% of those are profitable to do it for a living..lets go
500x leverage x 1.7% = 800%+ profit