GBPJPY Long Thesis
Price has currently broken above a major resistance zone and has been creating higher highs and higher lows which shows bullish momentum in the market. I may look to buy in the yellow zone after price confirms that it wants to go up with potential bullish candlestick patterns. In addition We can also see price is now above the Kumo cloud for confirmation which also indicates that there is more bull potential in the market targeting the last imbalance I have highlighted that is yet to be filled.
I normally like to keep my charts clean however I have recently came across the Ichimoku indicator which helps taking the right trades with good entries and good exits.
Good luck!
-Always wait for confirmation...
P.S this is a speculative setup, not investment advice.
I normally like to keep my charts clean however I have recently came across the Ichimoku indicator which helps taking the right trades with good entries and good exits.
Good luck!
-Always wait for confirmation...
P.S this is a speculative setup, not investment advice.
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.