GBP JPY for Pro Traders Only + full details
Hi and wish you a good trading week.
as you know the market is very independent on Corona Vaccine news and also Trumps election ;)
markets are also slow because of last month's of the year but fortunately moving,
as you see, the price shows us a good double top ( on 4h chart), exactly where price touched and pulled back from a supply area (for people who are on supply & Demand Strategy) and a resistance area (for chart analyze strategy traders) and a bat pattern for Harmonic Strategy Traders ( which all dimensions are definitely correct 0.691 Normal fib plb ,0.279 ( for fib siders, 0.853 For rare bottom fib )
all of these trading strategies are confirming that the price is rejected from a bullish move and is starting a bearish movement. in a simple view, the mini support structure of movement break on 4h and went for a successful retest.
on the other hand, price is fully rejected on daily and the candle patterns are extremely bearish (check the daily chart now) and also the weekly movement is bearish so we can expect the price come down until 130.298 but its better to be pessimistic on it and place our take profit around 130.800 maybe. huh ?
gan fan is also showing us where we can expect price to come down, fib time zones are also exactly matched wherever price rejected or touched fibo gans,
MACD and Rsi also crossed together :-D
check the image :
shows that gans are correctly placed on the chart, and in my idea, i think that's the time for a long sell order on GBPJPY.
note: there is never a 100% sure trade, so use proper risk management and just be patiend.
as you know the market is very independent on Corona Vaccine news and also Trumps election ;)
markets are also slow because of last month's of the year but fortunately moving,
as you see, the price shows us a good double top ( on 4h chart), exactly where price touched and pulled back from a supply area (for people who are on supply & Demand Strategy) and a resistance area (for chart analyze strategy traders) and a bat pattern for Harmonic Strategy Traders ( which all dimensions are definitely correct 0.691 Normal fib plb ,0.279 ( for fib siders, 0.853 For rare bottom fib )
all of these trading strategies are confirming that the price is rejected from a bullish move and is starting a bearish movement. in a simple view, the mini support structure of movement break on 4h and went for a successful retest.
on the other hand, price is fully rejected on daily and the candle patterns are extremely bearish (check the daily chart now) and also the weekly movement is bearish so we can expect the price come down until 130.298 but its better to be pessimistic on it and place our take profit around 130.800 maybe. huh ?
gan fan is also showing us where we can expect price to come down, fib time zones are also exactly matched wherever price rejected or touched fibo gans,
MACD and Rsi also crossed together :-D
check the image :
note: there is never a 100% sure trade, so use proper risk management and just be patiend.
Trade active:
wish everybody luck ;)
Comment:
On Fire🔥