Finally played out with our forecast. We waited a couple of days because the market was choppy, either way TRUST YOUR ANALYSIS AND FORECAST.
Not a good week, I think this weekend is meant for a regroup and refinement. Need to leave the markets for a bit and reconfigure my thinking.
It had a double bottom, previously tested level that wasn't broken, engulfing bullish candles, long term bullish structure and it is one of the patterns I trade. Earlier I couldn't explain but this is why I had placed my Longs here and SL just under previous lows. Those that are busy move your SL to just into profit or BE, the market is not your fathers house...
You should not be waking up with a smile but with a clap for the hardwork and skill that you have built thus far. On to the next, bigger and better.
I was closed out early, but left it to watch where and what it would do after all I was curious. Good to see patience still works and we need to keep refining
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (150.58). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPJPY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a...
Technical Overview: - GBP/JPY Buy Zone: Marked Below 4h CL: 150.692 - 150.486 Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (138.95). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
The pair Break the last bottom at 137.87, and closed below it. The pair has returned to retest the bottom, and hence an opportunity to sell after breaking 137.45 Selling targets respectively 135 then 133.14 The deal was opened: We Can Sell
As you can see, lots of potential action here on the GBPJPY following our Rising Wedge from earlier in the week. Yesterday I recorded a video talking about this rising wedge as well as a MUST own trading book, so make sure you head over to my Youtube page and check if you if you haven’t already “A Trading Book Must Own & Trading Simple Patterns”...