GBPJYP market is moving in the bullish channel and will go sell. After hitting strong resistance
RESISTANCE TESTED TWO TIME AND NOW THE THIRD TIME CANDLES ARE REJECTING AND SHARK HARMONIC PATTERN COMPLITED TAKING SELL TRADE
-retest of the previously broken resistance which is now support -0.618 fib retracement -respectable ascending TL -SMA 50 to support the bullish trend
Just a quick trend analysis. Nothing special but with the right amount of patience, could be some profits if the structure and the trend lines are respected... That's why we love GBP pairs right?!
Bull bat on the 1H TP1: 0.382 FIB TP2: 0.618 FIB
I should have entered this trade 30 pips before at around 133.300, still going to try shorts from here with the market open.
GBPYJPY Large Flag Pattern Break and Retest of the 50 EMA. Looking to Take It Up 50+ Pips.
We had the manipulation move during the asian session - ofcourse fundamental news this morning during London open saw bullish momentum forr GBP . Now 133.5 has a strong support. 3 x trades 0.10 @ 133.35 0.10 @ 133.52 pending buy when price has confirmed and we have banked some pips @ 0.10 lots This is a swing for us so minimal drawdown will occur.
To copy the same trades that i take follow my Instagram and DM me @MoreProfitsFX
I thought it best to give a picture of how the trades played out. In general what was applied was S&R, wave analysis, volume & other none technical analysis(beyond tech) . A few educational posts were added in between. Some trades took longer than others .
- inside channel - fibo retracement - key retrace/support level @ 1.3
GBPJPY has reached a daily trendline retracement along with the 200 ema we might see a sell of on the pair
The price broken trendline, and close below support. -- SELL Note: The tendency is upward and still strong.
GBPJPY has retraced to the 61.8 Fib in the 4hr time frame great opportunity to go long