GBP/JPY Short
Top down analysis
WEEKLY TIMEFRAME
So from the weekly timeframe we see quite a downward trend , price action forming lower highs, and lower lows. price action is perfectly consolidating around the 61.8% .There is a possibility for price to retrace all the way 148.800 for a complete retest of the weekly.
DAILY TIMEFRAME
we can see a potential change in trend in lower timeframe coinciding with the weekly complete retest so we could see a potential short 136.000 before long to 148.800
we have confluence due to consolidation and fake out of the range . giving us more confirmation for potential down turn to
target 1=141.200
target 2=140.800
target3=139.300
WEEKLY TIMEFRAME
So from the weekly timeframe we see quite a downward trend , price action forming lower highs, and lower lows. price action is perfectly consolidating around the 61.8% .There is a possibility for price to retrace all the way 148.800 for a complete retest of the weekly.
DAILY TIMEFRAME
we can see a potential change in trend in lower timeframe coinciding with the weekly complete retest so we could see a potential short 136.000 before long to 148.800
we have confluence due to consolidation and fake out of the range . giving us more confirmation for potential down turn to
target 1=141.200
target 2=140.800
target3=139.300
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.
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.