Hi, This is the Daily view of the GBPJPY and I am not sure if you have seen this or not. But it's a very nice setup! You can see the same pattern on 1 hour or 30min timeframe from where it started falling today!
So it's just a overview, do let me know about your thoughts!
If you know the pattern & can identify it correctly during the formulation. You can easily enter & target a proper level. Just like in the previous XAUUSD idea in which we targeted the Previous move which was inside the pattern and banked 170+ pips. If you had an eye on it you could have easily targeted our next target which is 3x of the last one. So this h
Hope everyone of you are doing well. Things are pretty good for upward if we look at it short term. so we can target few pips here. Another touch down is possible before going well.
Trade according to your own idea.
Thanks & Good luck
Hope you all have made a good profit yesterday. tho this pair has broken the trendline but there is not trade call at the moment unless it closes below the marked line because pattern can still change. So trade wisely.
If you've seen last idea in which we saw that pattern was underformation and we we anticipating a move up! tho we got the move up but we saw that after a change in the pattern. According to current data, this is what i am expecting.
It's my own view so it can differ.
No hard feelings.
Have a good day!
Hope you all are well. USDJPY is formation a nice correction after an impulsive move towards the down side. We may expect an another towards the downside. Correction is still in formation so me may see a little move in upside direction. BUT all we have to do is keep an eye on the corrective trendline. if that breaks and closes below. we may see a similar...