IF we see a cute green candle close on the daily chart, then I'll be looking for a long position going to the daily resistance in green then after that we might see some kind of reversal back to the bottom. Please let me know what you think in the comments.
As you can see on the 4H time frame there is an ascending triangle which indicates buyers power, we can wait for the break out and hope for a retest for getting in a long position, and volatility is dropping on 4H, which also indicates a break out is coming...
Take care and stay profitable...
Did GBPJPY Just Showed Us Where It Wants To Go With That Wick!!? Interesting Pair To Look @ Today. Personally Buy Opportunities Look More Enticing. Ideal Trade Indicated On The Chart With SL Slightly Below The Lower Low Created To Minimize Risk.
as we are looking at this chart and gbpjpy trend is bullish so we were looking for buys. and just few minutes ago I saw a good entry so entered into this trade
sl 151.195 (23 pips)
tp 151.937 (51 pips)
GBP/JPY has recently re-tested the primary trendline plus a very important demand-zone.
As the correction seems to be done, we have a great confluence with GBP/USD as price did exactly the same here.
I`ll be looking for longs in this zone!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
A pair to go LONG for a while with a solid foundation! The British Pound is really strong in terms of there economy, re-openings, vaccine inoculation is
amazing too. The Yen however is coming around and pacing through. My bias is LONG short,middle and long term.
Good luck Traders!
Comments are welcome! Have your say.
Here is an update on GBPJPY analysis I made a week ago. On 20th February 2021, I made it known that we need a confirmation to either go long or short.
The present candle is forming a bearish pin bar which signals a sell order. Notwithstanding, we need a another candle to show a good confirmation of what to do.
What do you think?
Share your opinion in the...
Another update from the beginning of the week. Take profit level was activated within 15 minutes of entering the trade. We sniped the entry straight to our take profit zone. Its not very often we use a 15 minute time frame but once we saw this set up it was unbearable not to take it. GBPJPY was on our watchlist at the beginning of the week therefore we're happy...