As you can see the daily chart of GBPJPY,
A good support area down there,
So mang people at my side is think that is a good chance to long and no doubt to it.
But I don't think so.
The reason is very simply,because the price spent too much time above the area.
So what I think is,if this area is a strong one,the price should not stay here for so long.
This support area is look like the GBPJPY one,
But the effect is different,
I am very optimistic about it because of the price action is very different from GBPJPY one,
Up,down,up~neat and move fast,
So if you are a swing trader,you should keep in mind it,and it may give you a suprise.
Hi everyone,long time no see,beacuse of Spring Festival,I'm busy for doing my housework.
And now,here,please allow me to send my best wishes for you.
Hope you guys make big money in the future no matter long or short.^_^
Return to the topic,let's look at the 15M chart of GBPAUD.
As you can see,the green zone down here may a strong support,
We try to buy it with a...
AS YOU CAN SEE,
USDJPY AT 118.634 HAS BEEN TESTED TWICE,
NOW THE PRICE IS NOT CREATING A NEW HIGH,
THAT IS A SINGLE OF LONG POWER IS WEAKER AND WEAKER,
NOW USDJPY AT A HIGH POINT,
DON'T MISS THIS CHANCE,
AND LET'S KEEP WATCHING PRICE ACTION AND FIND A THE SHORT CHANCE AT 30 CHART.
USOIL HAD TOUCHED THE STRCTURE,
BY COINCIDENCE,THIS POSITION IS ABCD's D PIONT,
NOW WE SHOULD NOT LONG USOIL BUT KEEP WATCHING THE PRICE ACTION AT THIS AREA,
PLAN A:SHORT IT IF PRICE CANNOT BREAK THE STRCTURE,
PLAN B:LONG THE PULL BACK TO STRCTURE
TP:NEAR 57 LEVEL