GBPJPY - HOW TO CHEAT THE SELLERS AND THEN THE BUYERS
Ok Guys. I know GJ is having a hard time and being sold all day. It's sad, but true. But I have some considerations to make before you start selling it too:
- Now, WEEKLY has made a NICEEE DOJI right in a zone.
- MONTHLY has created a huge candle inducing a lot of seller to jump in, but it has started to stall right on that psychological level of 140ish.
- We may not advance without liquidity. We need orders to move any further.
- Daily/4 hour shows a nice sustain of that area.
- AND we have also made a new-yearly low, that might be forgotten in a few days, but not right now.
Considering all of this, I'd wait for price to break that resistance and retest so I could embrace a nice buy there.
but we also might be very wrong and get stopped... that's why we have nice risk management and SL :D
- Now, WEEKLY has made a NICEEE DOJI right in a zone.
- MONTHLY has created a huge candle inducing a lot of seller to jump in, but it has started to stall right on that psychological level of 140ish.
- We may not advance without liquidity. We need orders to move any further.
- Daily/4 hour shows a nice sustain of that area.
- AND we have also made a new-yearly low, that might be forgotten in a few days, but not right now.
Considering all of this, I'd wait for price to break that resistance and retest so I could embrace a nice buy there.
but we also might be very wrong and get stopped... that's why we have nice risk management and SL :D
Note
DON'T FORGET, IF PRICE DOESN'T BREAK THE PURPLE RESISTANCE, THERE'S NOOOOOOOOOOOOOOOO TRADE!Trade closed: target reached
Target 1 reached
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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.
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.