GBPJPY time to short it with full power
British Pound / Japanese Yen
No trades
Real-time market insights
GBPJPY time to short it with full power
GBPJPY took a buy lets see how it go
GBPJPY tradingview.com/x/1sMsa0NV/CHoCH (Change of Character)
Later the chart shows CHoCH.
CHoCH means the first sign the trend might change.
It happens when:
The market breaks a previous higher low
Showing buyers losing control
So after CHoCH → market may turn bearish.
3️⃣ Current Price Situation
Price has now pushed up again and created a Weak High around:
212.25 area
A weak high means:
Price reached a high
But there is liquidity above it
Smart money may push price slightly higher to grab stops
Supply / Resistance Area
The top red zone is a sell area.
Reason:
Previous highs
Liquidity resting above
Market already extended upward
So sellers likely enter here.
GBPJPY Hmmm double top from here???
GBPJPY this was a bad entry.....Swept the high but still trade till inside 4h orderblock
Lets see how it plays out.
You win some - Yuo loose some
GBPJPY bullish continuation on the way
GBPJPY lets make a plan for this
GBPJPY Succesfully reached the resistance. Now let's wait and see what's GJ will do in this area.
GBPJPY seems to be a clear buy at this point, war time circumstances and china disagreements pushing toward 214.230 I hope you all make the correct and wise decision
GBPJPY And a massive congratulations to the few buyers in here who actually remained patient. You did the one thing 90% of retail can't do: follow the trend. Enjoy your profits, they were fully funded by the impatient sellers who tried to fight gravity. 🤝