GBPJPY TRADE IDEA
We had a massive breakout of the quaterly pivot point yesterday after the formation of the deep crab pattern at 184.61 on gbpjpy, an indication of a major trend reversal after a secondary retest of the highs around 184-45-184.75 heading into the month september.
Currently we have a brief correction to a trendline. We should see a trend continuation downwards on the bounce of the trendline around around 185.23 level (14.6 retracement level).
We should a continuation of the down trend to pattern completion point at 1.13 fib extension level at approximately 180.70, which happens to be a confluence with the long-term uptrend line
Disclaimer: This post constitutes a trade idea, and not an investment advice.
Happy trading
Currently we have a brief correction to a trendline. We should see a trend continuation downwards on the bounce of the trendline around around 185.23 level (14.6 retracement level).
We should a continuation of the down trend to pattern completion point at 1.13 fib extension level at approximately 180.70, which happens to be a confluence with the long-term uptrend line
Disclaimer: This post constitutes a trade idea, and not an investment advice.
Happy trading
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.