Current levels I'm looking out for.
Price could break the previous LH retest and continue to the upside, But if we get a break and close below the previous LL then i'll be waiting for a break, retest and then a trend continuation to the downside.
gbpjpy is bullish in everytime frame . so i will look to buy with target 143.500 that is a daily supply zone . a pull back at fib levels would be good idea to buy. lets see how the market gonna react.
CONFLUENCES:
- Rejection of 51 EMA
- Rejection of 61.8% Fib Level
- 4Hr Spinning top close
-Bullish Market structure confirmed by a crossover in EMA
- 1:3 R:R
Hello traders, GJ is going back up to the top after coming from retesting from the support. The effect was from the Government shutdown from last week due market decrease. Thank you for reading!
Consistent patterns playing out. Perfect 4H rejection at the previous resistance. My target is the current 4H support and i will update you from there. Good luck!
Price broke above level that has acted as support and resistance in the past.
We broke above this level, retested and then rejected with a big wick and bullish closes.
Price also broke above MA's and now retesting them as support on M15.
Entry trigger was 3 consecutive M5 candles closing bullish.
[b ]Whats Up Traders!
I just got done analyzing GJ for the week. I think a strong upsurge to 140 is definitely possible. Due to the fact we didn't completely fill the gap, and we're creating significant higher lows. Obviously there are more confluences, but those are the top 2 for me. Price has recently broke under a 1HR key level, and we're currently waiting...
