GBPJPY; WAITING ON DAILY CANDLE CLOSE
GBPJPY Price ranging around 147.500 and 147.250. Current 4 Hour candle gas 1 HR 24 mins to go. price got rejected under the 14 ema in hour 4. Patiently waiting to see how price closes. If price closes under 147.250 kindly switch to smaller time-frame and find sells. If price closes above 147.250 switch to a smaller time-frame and find buys. RISK MANAGEMENT.
Previous Daily Close for GBPJPY closed Directly under 149.250 in the Daily TimeFrame. Overall outlook saw a massive rejection at the Fibonacci level of 38.20% in the Daily Time frame which also happened to be slightly below 149.750. Price is currently consolidating between 149.250 and 149.000. In the 4 hour TimeFrame price again rejected at the Fibonacci level...
In the Daily TimeFrame using Fibonacci, GBPJPY rejected just under Fib Level 38.2... Price is currently bearish and heading towards Fib Level 23.6
GBPJPY had an impressive Bullish Run when price bounced off 78.60% fib in a daily time-frame also 147.600.. Currently Price is directly under 149.000 which happens to also be a rejection on the 14 ema in the daily time-frame. If the daily candle doesn’t close above 149.000 find sell signals in a lower time-frame and target few pips . In the case where price...
Daily Candle is almost at 148.500, Switching to the 4 Hour Time frame we can see price almost also at 148.500. If Price Closes Below 148.500 in a 4 Hour Time Frame switch to a smaller Time frame Preferably 15mins Time Frame and find a Sell Signal . You can sell within 148.500 – 148.000 if this happens. If Price closes above 148.500 find Buy Signals in A Smaller...
Daily Candle is almost at 148.500, Switching to the 4 Hour Time frame we can see price almost also at 148.500. If Price Closes Below 148.500 in a 4 Hour Time Frame switch to a smaller Time frame Preferably 15mins Time Frame and find a Sell Signal . You can sell within 148.500 - 148.000 if this happens. If Price closes above 148.500 find Buy Signals in A...
If Current Price in a 4hour closes below 149,500 sell till 149.000. switch to lower timeframe and find sell entries. Follow your Trading Plan. DONT BE GREEDY
Going Long After the 4hr Retest
Price Currently breached 151.500 zone. If the daily candle closes above 151.500 look for buy signals in the smaller time frame and take buys to 152.000. Current Daily Candle and previous candle is a Piercing Line Candle formation; meaning Bullish continuation pattern. In the Four(4) hour time frame , price appears to be in a bullish channel and price bounced off...
GBPJPY since yesterday has been ranging between 153.500 and 153.750. It clearly appears the zone level 153.750 is a strong resistance. If current price closes above 153.750 Take buys and TP within 153,750 and 154.000.. If the current 4hour candle closes below 153.500 look for sell signals to 153.250 which also happens to be a retest zone for your 14ema.. Price...
Price picked up crazy momentum after it rejected 151.250. Price Broke through Key Zones and has been going up 238 pips currently after the rejection at 151.250. Price has currently move 824 pips in a Bullish Channel in the 4 Hour Time frame Price happens to be currently rejecting at 153.500 in the hour 4 Time frame. Patiently waiting to see how the 4 hour candle...
GBPJPY is currently ranging around 152.000 and 151.500. Currently patiently waiting on the 4Hour Candle close which has an Hour more to go.. Possible Predictions If price closes below 152.000 expect sells and possible TP @ 151.500. If price decides to push further up and close above 152.000 Take buys in smaller TF and TP at potential target 152.250...