Hi there. I'm looking at possible Bullish move for GBPJPY 4H. It seems like Triple Bottom pattern and price could try to break the neckline (upper black line). If it does, then we can see a Bullish movement from there. Price is currently at Weekly Support.
I'd BUY if it breaks the top black line. It still needs confirmation. Tomorrow got GDP data release on GBP...
This is a long term trade. i expect the bulls to kick in hard to the next level of support.
i also expect little pull backs, its the reason for the tight stop.
all on price action.
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The 2 weeks RSI is overbought and the course need a correction and have to test the broken zone
as new support.
Untill to the midweek reversal we will see a bearish move on this pair.
So first I will go short and then long with a comformation.
Wait for the turningpoints and the enter the trade and go with the momentum.
GBPJPY can make over 200 Pips on a...
Hope you all had a great weekend. Looks like our active trades are making great progress to start the week, so let's try to keep the momentum going!
The GBPJPY pair has been up trending on the Weekly chart since 3rd October 2016 and we can see price has touched down on the lower uptrend level a few times since then and has respected this trend line. Most...