GBP/JPY: Corrective structure is coming?

5 Eyl 2023

From a technical point of view,, as long as the corrective structure does not fail, a bearish leg is still possible. That being said, if this analysis is correct a 3 or 5 wave bearish pattern should appear. With that in mind, the trend is bullish on the intraday chart, so use small size for this trade, even if the risk is very limited.

6 Eyl 2023

Not

📊 Support Levels on 1H Chart:

6 Eyl 2023

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📊 Support Area (1H):

6 Eyl 2023

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📊 Support Level on Intraday Chart:

6 Eyl 2023

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📊 Weekly Economic Data:

7 Eyl 2023

Not

🔔 Hello Traders! Our setup seems to have worked well yesterday's session, from a technical point of view we have reached the famous "Risk Area". As we can see on 1H chart, Price Action has reached the lower wedge side and potentially could have formed "Wave E". Having said that, we are well aware that ABCDE Pattern is a bullish Picture in this technical environment, so there is a risk of a bullish leg above the previous Top. More important than Gain is the Risk, so we have simply moved Stop Loss to BE. From a management point of view, everyone can decide what to do, it is possible to take profit or part of it, Day Traders will limit themselves to managing the gain.

8 Eyl 2023

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🔔 Good morning Traders! During yesterday's session we saw a very important bearish consolidation, and from a technical point of view, we eliminated ABCDE Bullish Pattern risk, so on 1H chart the trend returned bearish. On daily chart however, unfortunately the trend is still bullish and remains above its main support:

8 Eyl 2023

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🔔 Japanese Finance Minister Shunichi Suzuki said on Friday that rapid currency moves were undesirable and that authorities wouldn't rule out any options against excessive swings, in a fresh warning to investors trying to sell the yen.

11 Eyl 2023

İşlem kapandı: hedefe ulaştı

✅ TARGET 1 hit!

14 Eyl 2023

Not

🔴 Trend is still bearish.

18 Eyl 2023

Not

🔴 At the moment no changes since the last update. 👍

21 Eyl 2023

Not

🔔 BoE decision is coming....

21 Eyl 2023

İşlem kapandı: hedefe ulaştı

✅ Target 2 hit:

6 Eki 2023

Not

🔴 Rebound or reversal, today's close will tell us this.