With no major News coming out during the day which an effect the pair directly we must only watch out for a slight impact when the News regarding USD (consumer Price Index comes out Today). News on GBP Consumer Price Index MoM which would be released on Wednesday could set off a directional movement for this Pair. Till that time only a slight impulse is expected...
With no major News coming out during the day which an effect the pair directly we must only watch out for a slight impact when the News regarding USD (consumer Price Index comes out Today). News on GBP Consumer Price Index MoM which would be released on Wednesday could set off a directional movement for this Pair. Till that time only a slight impulse is expected...
Making bear Flag and looking for drop in downside .
Waiting For Correction in Lower Time frame . after Confirmation we can sell for This Big Drop in downside MOve,
Just as a reminder of what i have to look and wait for in my trades.
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
If we get another high, maintain divergence and get a bearish candle I'll short and look to ride to the 50% fib
I opened a short Yesterday 10:05pm 04/04/2019. So far so good. - Strong resistance - Oversold (determined by indicators) - Wicks (Struggling to push further upwards) - Positive yet subtle Brexit News *AS ALWAYS DO YOUR OWN WORK TOO*
The Breakout Opportunities system has just sold GBPJPY at 145.734. The system recommends entering this trade at any price between 145.449 and 146.378. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.258, suggesting that the GBPJPY may have further to fall. A stop loss has been set at the 24-hour...
The Tidal Shift Strategy has just sold GBPJPY at 145.915. The system recommends entering this trade at any price between 145.694 and 146.135. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.175, which suggests that the GBPJPY could be trending downwards.The 14-period Average...
GBP/JPY Potential drop to 50% Fibonacci retracement
looking for a pull back here for GBPJPY tHEN SHOULD RESUME BACK UP
GBPJPY is approaching our first resistance at 149.30 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 140.80 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5, 3) is also approaching resistance where we...
The Congestion Opportunities Strategy has just sold GBPJPY at 149.22. The system recommends entering this trade at any price between 148.912 and 149.528. The signal was issued because the 28-hour Relative Strength Index indicates that the GBPJPY may be overbought, while the Speculative Sentiment Index reading of -1.476 indicates that trader sentiment is not at...
GBPJPY is approaching our first resistance at 148.39 (long term descending resistance line, 100% Fibonacci extension, 61.8%, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 145.59 (horizontal pullback support, 38.2%, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance...
Sell below 145.64. Stop loss at 147.13. Take profit at 143.81. Reason for the trading strategy (technically): GBPJPY reversed off its resistance at 145.64 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 143.81 (38.2% Fibonacci retracement, horizontal swing low...
GBPJPY is testing its resistance at 146.10 (horizontal overlap resistance, descending channel resistance) where it could potentially fall to its support at 144.95 (78.6% Fibonacci retracement). Ichimoku cloud is showing signs of bearish pressure which contributes to our bearish bias.