GBPJPY BUY ANALYSIS
• market haa formed an upward trendline for the past months and has come back to respect it 7 times
• earlier this month it respected it again and impulsed up and then during this month it lost some momentum, formed a corrective move and changed direction for a short period of time
• at the end of last week it broke above a previous HIGHER HIGH and it was retesting it
• there is two possible entries here, 1 at the new found level of support (BULLISH ENGULFING M30) which was a previous resistance or 2 when the corrective move breaks out to the upside
• but then again this is the forex market anything can happen so we adapt when there's any change in our predictions
GREAT SUCCESS!!!
• earlier this month it respected it again and impulsed up and then during this month it lost some momentum, formed a corrective move and changed direction for a short period of time
• at the end of last week it broke above a previous HIGHER HIGH and it was retesting it
• there is two possible entries here, 1 at the new found level of support (BULLISH ENGULFING M30) which was a previous resistance or 2 when the corrective move breaks out to the upside
• but then again this is the forex market anything can happen so we adapt when there's any change in our predictions
GREAT SUCCESS!!!
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