GBPJPY (Update)_3rd Week of Feb 2022
What information can we derived on GBPJPY daily chart?
1. We can clearly see a triple top formed with bearish candle closed rejecting the structural level last Friday
2. We need to see a clear price break the trendline and structural level to confirm bearish movement
3. We spotted 2 leg divergence on RSI which may hint us with heavy sell off
Overall bias = Bearish
Using simple entry technique
Step 1:
Waiting for the price to break below the correction trendline
Step 2:
Waiting for the price to break below the structural level (best if price retest to the broken level)
Step 3:
Entry point after 2 items above has fully satisfied with SL above the highest candle. Use any indicator that suits you
1. We can clearly see a triple top formed with bearish candle closed rejecting the structural level last Friday
2. We need to see a clear price break the trendline and structural level to confirm bearish movement
3. We spotted 2 leg divergence on RSI which may hint us with heavy sell off
Overall bias = Bearish
Using simple entry technique
Step 1:
Waiting for the price to break below the correction trendline
Step 2:
Waiting for the price to break below the structural level (best if price retest to the broken level)
Step 3:
Entry point after 2 items above has fully satisfied with SL above the highest candle. Use any indicator that suits you
İlgili yayınlar
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.