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Gbpjpytrade

NEW GBPJPY Long Term AnalysisYou may have to play the -60 at green TP1 beware! The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately. All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there. The same exact thing goes for resistance sell/break plays!
by ExclusivelyFX
1
GBPJPY, new high in B1?The pound against the yen has previously failed to reach a good entry level, and the MCS, not being in excess of strength, has also not sent any signals; the MML in H4 has attracted the price and from here two scenarios open up: 1. Look for a new high in B1 to enter the 6-month short 2. Breaking down MML, price that is lost in the void, MCS that is neutralized and waiting for a new signal Option 2 speaks for itself, if instead it were looking for a maximum in B1 we could take advantage of the half-yearly cycle for a fairly short trade since, on the annual we are already bullish from the beginning of January '22 for the second half of the cycle (A1).
by The_Cyclical_Trading