Hi Guys
Ive seen this set up too many times for me not to ignore it - GBPJPY could be trapping sellers
what do i mean by trapping sellers?
= by dragging the price lower and lower to trigger break out traders on the daily time frame
we have some high impact news at 12pm -
im certain the news will give one more push down to trigger more break out traders and then the impulse move up !!
beware !
Ive seen this set up too many times for me not to ignore it - GBPJPY could be trapping sellers
what do i mean by trapping sellers?
= by dragging the price lower and lower to trigger break out traders on the daily time frame
we have some high impact news at 12pm -
im certain the news will give one more push down to trigger more break out traders and then the impulse move up !!
beware !
Trade active
Price is at low of the day and low of the week ! sellers are in the market, just in time for BoE! 12pm UKTrade active
price is lower than expected before BoE Price = 181.250 might be the next level to buy !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.