tayg23

Wait for Daily Zone Retest and BIG BUY for potential 500 pips!!!

Alış
FX:GBPJPY   İngiliz Sterlini / Japon Yeni

I chose to use H4 Chart to show because its clear. This analyis is using the Daily and weekly time frame for higher validation. GJ has made a major push up and broke through consolidation box or prior Daily ROOF, major momentum showing that BULLS are in charge. Now pullback should happen to one of the Fibs levels, I have them all colored 38 50 and 61! I will be looking to make my entry at 61.80 but if at 50% it has a great rejection wick or engulf Ill get in there even though its not the most Ideal. That is PLAN A! it also coincides with uptrend on daily and weekly.

Plan B is if it breaks past all fibs levels I will wait until trend line break or break of Daily consolidation bottom to sell it down! This I feel is unlikely but at the end of the day PLAN B!

SIDE NOTE-

If you look at the PAST of this pair, you will see that it does not like to stay this low, the pair likes to stay in the middle so I believe it is working its way back to the normal price points. Look at monthly to see what I mean as well as weekly!
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.