GBP/JPY - IS TRAPPING SELLERS - BEWARE !! BOE !!
Updated
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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