FTnalu

FTnalu

Well traders from my previous post on GJ based off daily you can refer for more detailed view on the pair. Here I just wanted you to see a potential selling opportunity with good risk to reward, how simple it is. I'm just waiting for a pull back and rejection off one of those Fib levels, I will look to go short for a retest of low structure support. Remember guys...

FTnalu

Hello traders this evening I was taking a look at GBP/JPY based of seeing how price action played out the previous week. As you can see we have a initial high followed by a lower low, then a pull-back into our Daily 78.6 Fib level and near our daily zone. Well price tried to break twice and failed to do so leaving a double type structure and wick to up-side not...

FTnalu

As we can see price trued breaking back up by establishing a HH close based from previous LH, but very next day we had a Bearish candle rejecting price from the 133.750 Mid point resistance. And price followed the rejection with a doji, then huge drop on Friday the 17th of November. Even tho we achieved a new HH and break of structure we also got a rejection and...

FTnalu

As we continue to monitor EUR/JPY from earlier this week we were long based off support 131.670 holding and our targets were to retest Resistance from the double top. Price never reached are double-top zone, which is the price area of 134.500 and we instead established a lower high by price reversing off strong "Mid-point resistance 133.750 and pushing price to...

FTnalu

Here's an update from yesterday where we were seeing if price was going to break out to the up side or downside. My bias was (Long) based of Monthly and Weekly view. As we can see price point 132.500 (Quarter point) and 133.100 (strong resistance are) were both broken and closed above. Now I will wait for a retest of that broken resistance, now new found support...

FTnalu

As we can see price has stalled and consolidated between the regions of 131.000 and 133.000 with no real bias as to were it wants to head. Based of higher time frames my bias is Long on this pair, with potential of reaching 135.000. But i know we are due a pull back, we can even see price dip down to 130.000 before heading back up. All we can do now to have a...

FTnalu

As we can see price has been stuck in the region of 131.000 and 132.000 for the last couple of days/weeks. After making a new high on weekly and daily Time frame. Therefore natural correction is warranted, meaning price pulling back. Price as we can see has struggled to close below 131.800 let alone reach 131.000 causing for a analysis, that price might be ready...