Trading Journal on GBPJPY for intraday 29 Oct 2019
Updated
Hi everyone,i try keep updating my journal analysis for better and better understanding in market behavior.
This is my analysis on Intraday for pair GBPJPY.
During Asia Session price try to test and take liquidity at highest yesterday price at 140.243 and go down for for almost 40 pips and failed to make new low which is indicate price want to retest latest high and yet failed to make new high and during London open market- seller enter market at high price and go down for 63.8 pips and reject at low monthly candle at 3 Dec 2018 at price level 139.495 and go up due to several low impact news.
Trading Conclusion
1)Price failed to make new high from previous high(140.259).
2)Price go down to take find high liquidity and reject at low monthly candle 3 Dec 2018.
3)Price will try to test new high for today at 140.300 and 140.500-140.600
4)or,Price fail to break today high and try to make new low 139.350 and 139.050
5)H4 chart shown that price failed to make new low and looking for uptrend for coming week.
Anyone feel free to comment and review my analysis for better understanding in market behavior.
Thanks for Like and comment.
This is my analysis on Intraday for pair GBPJPY.
During Asia Session price try to test and take liquidity at highest yesterday price at 140.243 and go down for for almost 40 pips and failed to make new low which is indicate price want to retest latest high and yet failed to make new high and during London open market- seller enter market at high price and go down for 63.8 pips and reject at low monthly candle at 3 Dec 2018 at price level 139.495 and go up due to several low impact news.
Trading Conclusion
1)Price failed to make new high from previous high(140.259).
2)Price go down to take find high liquidity and reject at low monthly candle 3 Dec 2018.
3)Price will try to test new high for today at 140.300 and 140.500-140.600
4)or,Price fail to break today high and try to make new low 139.350 and 139.050
5)H4 chart shown that price failed to make new low and looking for uptrend for coming week.
Anyone feel free to comment and review my analysis for better understanding in market behavior.
Thanks for Like and comment.
Note
This analysis for short term analysis which is im targeting GbpJpy will try to make double top before go down and its depend on current sentiment-Brexit issues.Trade active
Now price try to make new high as per predictionTrade active
Now price already test 140.347 and target to make rejction before test next resistance at price 140.500-140.600Trade closed manually
looking for long
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