Ichimoku MTF Analysis
Pair: GBPJPY
Weekly : Side-Way (Near End)
Daily: Bullish
H4: Bullish
Outlook: On Daily TF, Pair has broken the down trend line. She may want to make classic reversal to test the down trend line as new support. On H4 TF, corrective wave not yet appeared.
Trading Plan: Look for corrective wave structure before long entry in H4. Pair may want to continue bullish. No long entry if pair below Kumo at H4.
Daily Chart:
Pair: GBPJPY
Weekly : Side-Way (Near End)
Daily: Bullish
H4: Bullish
Outlook: On Daily TF, Pair has broken the down trend line. She may want to make classic reversal to test the down trend line as new support. On H4 TF, corrective wave not yet appeared.
Trading Plan: Look for corrective wave structure before long entry in H4. Pair may want to continue bullish. No long entry if pair below Kumo at H4.
Daily Chart: