Long time no see everyone,
I hope you have all been well, adapting to the climate and making profits!
I bring you another chart analysis looking at GBPJPY and once again, winter is coming.
Since the pandemic and its aftermath, GBP has been rising in strength and quite drastically. It appears the UK is to become a new capital hub of business for a central world government, however this line is only speculation.
The natural order of reality once again prevails and with such an incline, it is inevitable to have a decline, now the strength of this decline is a lot weaker as the fall had already begun before my analysis, you can confirm this by observing the RSI and MACD.
So although a short fall, we can hold this short position to around 145.191, a means of safety net, take your profits in tranches or groups of 3 i.e. 1 TP at 150, another at 148 and final take at 145.
The movements that come with this market can be quite daunting however to me, the cycle appears consistent with the seasons.
My trading style is to observe things for the duration of my life, never just short term scope, this helps to filter out inconvenient little shifts in the market and gain a perspective of the whole direction of said market.
I hope you have all been well, adapting to the climate and making profits!
I bring you another chart analysis looking at GBPJPY and once again, winter is coming.
Since the pandemic and its aftermath, GBP has been rising in strength and quite drastically. It appears the UK is to become a new capital hub of business for a central world government, however this line is only speculation.
The natural order of reality once again prevails and with such an incline, it is inevitable to have a decline, now the strength of this decline is a lot weaker as the fall had already begun before my analysis, you can confirm this by observing the RSI and MACD.
So although a short fall, we can hold this short position to around 145.191, a means of safety net, take your profits in tranches or groups of 3 i.e. 1 TP at 150, another at 148 and final take at 145.
The movements that come with this market can be quite daunting however to me, the cycle appears consistent with the seasons.
My trading style is to observe things for the duration of my life, never just short term scope, this helps to filter out inconvenient little shifts in the market and gain a perspective of the whole direction of said market.
