In the GBPJPY we are facing an uptrend. What is most advisable in these cases? Follow the trend The tide is what moves the entire market. We are going to be the waves that the tide produces.
In this case, we have traced a bullish channel where we see how the price has respected the lower and higher limits.
We will have to take into account several...
We have a strong trend , But the trend has been exhausted so it needs a correction in line with the Fibonacci ratios and Volume profile has been put in place to see the potential of market makers so we are with a strong correction
The weekly scenario for the gold commodity has changed
We are now in a driving wave targeting $ 1450
We are now in wave 5 of wave 3 on the older style
The micro-style Wave 1 of Wave 5 is already configured and we are waiting for a correction for 50% Fibo ($ 1296)
Areas buy $ 1296 and $ 1291 to target $ 1,450
In the GBPUSD we are facing a bullish scenario. In this case, let's focus our attention on the first movement of 2019. We see how the bearish momentum was very large, reaching the 1.24000 area. Automatically when the price arrived at that level, it went up very sharply until it reached the price level in which we are today.
Therefore, the next movement that is...