GBPJPY is Doing a Lower Price Push Movement
Updated
1. Pair GBPJPY has made a strong bullish trend, but not always will this trend persist. The end of this trend is indicated by the formation of a volume divergence on the chart with a yellow line.
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2. This pair must return first to the Fibonacci level retracement which is at level 0.618 (minimum) or can be further to level 0.5
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3. Consolidation of prices will be quite time consuming and may take a relatively long time, so stay patient until the formation of price action is formed.
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4. It is stop out at the price of 148,700
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5. And the last one is the Take Profit price of 145,830
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Conclusion: Signal Strength >>> $$$$$
Recommendation: Sell Limit >>>>> Very Strong
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----- This writing is for education only and does not recommend to buying or selling ----
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2. This pair must return first to the Fibonacci level retracement which is at level 0.618 (minimum) or can be further to level 0.5
-------------------------------------------------- -------------------------------------------------- ----
3. Consolidation of prices will be quite time consuming and may take a relatively long time, so stay patient until the formation of price action is formed.
-------------------------------------------------- -------------------------------------------------- ----
4. It is stop out at the price of 148,700
-------------------------------------------------- -------------------------------------------------- ----
5. And the last one is the Take Profit price of 145,830
-------------------------------------------------- -------------------------------------------------- -
##############################
Conclusion: Signal Strength >>> $$$$$
Recommendation: Sell Limit >>>>> Very Strong
##############################
----- This writing is for education only and does not recommend to buying or selling ----
Trade active
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Trade closed: target reached
Nicely done +130 pips.
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