MY PLAN:
Now the market is reveal that it is confirm that the uptrend
and strong uptrend!
We focus on the 3th extend wave. Fibo = 161.8 = 158 around that.
MY Trade Today:
Last night, i trade and entry SELL around 154.710 but it's not end the B-Wave So i SELL more at the Top for bet around Fibo 61.8-78.6.
Now it go down and break TL, so confirm that B-Wave end and going to C-wave with impulse 1-2-3-4-5
I add SELL entry on the Top of long - green candle stick. (open with the chart TF1min and i hedge with BUY and got...
Hello, guys
Here is my trading plan today
Waiting this candle stick for confirm downtrend
IF it is end of wave B, it will go to wave C (1-2-3-4-5)
Waiting for Wave 3 of C (easy trade)
IF still go up it can go to 61.8 and 78.6
Trade carefully , I bet first around this price (Fibo=50%)
SUMMARY:
The secondary trend of GBP/JPY is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and is taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 164.10 and support at the level of 158.40. If it breaks...
The reason why we feel GBPJPY may RISE.
* On weekly basis it has just started moving UP.
* To RISE and come near 164.86 levels
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Rising.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :163.29,...
We expect GBPJPY to RISE.
CCI is rising.
RSI is rising.
STOCHASTIC RSI is rising.
We would like to LONG GBPJPY above: 160.93 SL: 160.38 TGT 01: 162.31 TGT 02: 162.92 TGT 03: 164.80
Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
There are many reason why we feel it may SINK
* It has not sustained quarterly ..... level.
* BEARISH in WEEKLY Chart.
* ToSINK and come near 157 monthly target 03
* Stoch RSI (3,3,14,Close) clearly states it may sink.
* RSI(14,CLOSE) Is also of the same view.
* CCI(20,CLOSE) Is not clear
Keeping all the above indicators in view along with the chart pattern...
GBPJPY is expected to rise now.
There are many reason why we feel it may rise.
01. It has not sustained quarterly buy level.
02. BULLISH Engulfing pattern in daily Chart.
03. It has gone way below the quarterly Low target. and chances are bright it may touch 190 very soon
04. Stoch RSI (3,3,14,Close) is not clear.
05. RSI(14,CLOSE) Is rising.
06....
