Carl_G

GBPJPY - BULLISH HAMMER IN OVERSOLD CONDITIONS

FX:GBPJPY   British Pound / Japanese Yen
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3
159 4
Hello Traders,

A potential reversal might be setting up on the high volatility pair #GBPJPY as the market is showing early signs of exhaustion. Before doing anything wait for bullish conformation, such as a bullish Engulfing Signal and/or a clear close above the T-Line. The T-Line (or Trigger Line) is the 8 exponential moving average which is the BLACK line on the chart.

If you are interested in learning more about this approach of trading you can visit this link: https://youtu.be/1fB3EF7XeXU

Good Luck and Happy Trading :)
It's also at a support going back to 4 February last year and 21 January this year. I am also looking at this trade. The 8 EMA trigger line concept seems interesting.
+1 Reply
Carl_G simquant
Sounds good bro :)
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very nice....
+1 Reply
Carl_G IDEAL
Thanks IDEAL, let´s see whether investor sentiment will change or not :) In any case I am looking forward to the outcome.
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