G'day, Guys.
Today let's analyse, Great Britain Pound vs Japanese Yen (GBPJPY) Currency Pair. FYI, these pairs consider as Cross Pair which is normally the volatility higher than the Major pair. In General, experience trader or scalper like this pair due to volatility.
Based on my previous predictions which are we hit 100% accuracy analysis. We going to continue to monitor and looking for the best entry point to maximizing profit and minimizing losses. From the analysis itself, normally I will zoom out to a bigger timeframe first before zoom in into a smaller timeframe for proper entry. There are reasons why we should trade or analyse the market with the proper approach.
As you guys see in a 4-hour timeframe, we clearly see the pattern of HNS. I expecting this price gonna continue to rally downtrend, but before this happen we required double confirmation such as breaking the support level at 149.473. Once this level breaks we looking for at least an uptrend line (RED) touched for a profit target.
Another option, we waiting for resistance trendline retest before opening sell order positons. Tbh, there is a lot of entry points for sell here but for only experienced traders.
Let's see what gonna happens next. "Dance with the Market Guys" Cheers
Today let's analyse, Great Britain Pound vs Japanese Yen (GBPJPY) Currency Pair. FYI, these pairs consider as Cross Pair which is normally the volatility higher than the Major pair. In General, experience trader or scalper like this pair due to volatility.
Based on my previous predictions which are we hit 100% accuracy analysis. We going to continue to monitor and looking for the best entry point to maximizing profit and minimizing losses. From the analysis itself, normally I will zoom out to a bigger timeframe first before zoom in into a smaller timeframe for proper entry. There are reasons why we should trade or analyse the market with the proper approach.
As you guys see in a 4-hour timeframe, we clearly see the pattern of HNS. I expecting this price gonna continue to rally downtrend, but before this happen we required double confirmation such as breaking the support level at 149.473. Once this level breaks we looking for at least an uptrend line (RED) touched for a profit target.
Another option, we waiting for resistance trendline retest before opening sell order positons. Tbh, there is a lot of entry points for sell here but for only experienced traders.
Let's see what gonna happens next. "Dance with the Market Guys" Cheers