On the daily chart we can see that GBPJPY is in an ascending channel, simply watch for a buy at the bottom. This is a longer term trade everyone so hold it until the top.
Here we have a short setup here on GBPJPY. We have a few indications: 5 wave structure, 1.27 fib and a trendline that should hold. Watch as price reaches the 143.100 level for a clear reversal before placing short orders. Thanks fellas and safe trading
- Confluence of Harmonic Patterns in M15 and H1 - Break and retest of previous channel failed
first target is reached ... watch for price action in the next target-zones second target 113.900 fird target 114.670
A beginning for GBPJPY retracement after strong rally.
I am quite new in Price Action. But here is my candle by candle dissection of price chart and reasons why it went up or down. Read descriptions along with candles mentioned. 2-3 price patters are repeating all over.
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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...
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