FX:GBPJPY   British Pound / Japanese Yen
95 4 3
Price will touch to trend line and bounce upward.
How do you know what the price is going to do?
Reply
RomanSerdiuk Aqua-Life
200 sma is directed upward at a high angle, on the probability of penetration is very low. In addition, volumes of not quite large, which confirms the probability of movement upward trend.
Reply
Aqua-Life RomanSerdiuk
Why would low volume confirm an upward trend?
I personally don't use sma's but I have a bit more bearish sentiment on this pair.

Reply
RomanSerdiuk Aqua-Life
I agree, for a long period dominated by bearish sentiment. But my idea concerns a short period of time, 4 hours. And I was right, the price rose to indicate level.
+1 Reply
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