Waiting For Correction in Lower Time frame . after Confirmation we can sell for This Big Drop in downside MOve,
GBPJPY is approaching our first resistance where we might see a drop to our first support.
Quick scalp on gbpjpy. Long term I see it going towards the 144 level.
GBP Long Bias - LogicStrategy score shift of +14 points towards strength - Core Retail Sales m/m show better than expected changes in retail sales in the given month compared to the previous month. The index calculation does not include auto sales and fuel, which tend to be very volatile. It is an indicator of consumers spending that allows estimating the...
GBPJPY as you can see is stucked in downtrend channel, but it bottomed hard on huge major support and probably the last (third) touch of downtrend channel. I will be looking for longs on GBPJPY to the 143.500 and then to the weekly resistance of 145.000, all depends on Price action and how this pair will react. I will update this idea as soon as its gonna get...
GBPJPY is approaching our first support at 140.18 (horizontal swing low support, 78.6% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 143.56 (horizontal overlap resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension). Stochastic (34,5,3) is also...
The Tidal Shift Strategy has just sold GBPJPY at 145.915. The system recommends entering this trade at any price between 145.694 and 146.135. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.175, which suggests that the GBPJPY could be trending downwards.The 14-period Average...
GBPJPY bounced nicely off its support at 145.63 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 147.14 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is bounced off its support at 2.7% where a corresponding rise could occur.
The Trend Follower Strategy has just bought GBPJPY at 148.894. The system recommends entering this trade at any price between 148.581 and 149.207. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.506. This suggests that the GBPJPY could be trending upwards.The 14-period Average True Range on a daily chart is...
The Congestion Opportunities Strategy has just sold GBPJPY at 149.22. The system recommends entering this trade at any price between 148.912 and 149.528. The signal was issued because the 28-hour Relative Strength Index indicates that the GBPJPY may be overbought, while the Speculative Sentiment Index reading of -1.476 indicates that trader sentiment is not at...
Waiting for a re-test of the demand Zone to enter this trade.
GBPJPY tested its support at 150.58 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support, ascending support line) where it could potentially rise to its resistance at 152.19 (50% Fibonacci retracement, horizontal overlap resistance). If it surpasses this level, it could rise to its next resistance at 153.85 (100% Fibonacci...
Buy above 150.58. Stop loss 149.69. Take profit at 153.85. Reason for the trading strategy (technically): GBPJPY tested its support at 150.58 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap support, ascending support line) where we expect it to rise further to its resistance at 153.85 (100% Fibonacci extension, 61.8% Fibonacci...