TradeYodha
Long

#GBPJPY Long Idea for Retracement (FIB, Structure, Harmonics)

FX:GBPJPY   British Pound / Japanese Yen
#GBPJPY Long Idea for Retracement

1. Higher Time Frame Support Structure
2. 1/1 Harmonics in the zone
3. Price Oversold
4. Fib extensions confluence
5. 50SMA lagging which may attract the price
Update: Targets achieved and profits running
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What do you think?

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TradeYodha KevinSinghDhaliwal
looking good definitely. Nice trend line and price seems to respect it
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RSI is not oversold yet, near the 30 is oversold or am I wrong?
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TradeYodha Yahia.Awes
It has just been. Actually I am little late. The price has already been to the zone when it was over sold. I am waiting for a retest of the zone and confirmation in the form of a double bottom
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Yahia.Awes TradeYodha
Yes you're right, but this might be something to keep in mind for next week :)
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TradeYodha Yahia.Awes
Yes definitely. No point in taking a position right now.
+1 Reply
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