Paun British / Yen JepunTelah dikemas kini Potential setups for GBPJPY
As shown on the chart, there are 2 possible setups for GBPJPY in the coming week or two.
It is important to plot your S&R lines as well as determining the CZ (Critical Zones). On the chart, there are 3 CZs to look out for in the current price range.
Firstly, on the 4H charting, price is in a downward trend channel. A break above it and retest of the channel would be a good entry point. This first scenario setup is dictated in GREEN ARROWS.
Secondly, on the 4H charting as well, further downside is possible till the next CZ before it could break upwards as prices are retesting a longer term upward trend line.
A further downside and retest of the CZ 3 AND breakout of the downward channel could signal that a H&S pattern (DAILY CHARTING) is about to be completed. This second scenario is dictated in RED ARROWS.
Disclaimer: Content discussed is for informational purposes only and does not construe an offer or solicitation to engage in any activity regarding the subject matter.
It is important to plot your S&R lines as well as determining the CZ (Critical Zones). On the chart, there are 3 CZs to look out for in the current price range.
Firstly, on the 4H charting, price is in a downward trend channel. A break above it and retest of the channel would be a good entry point. This first scenario setup is dictated in GREEN ARROWS.
Secondly, on the 4H charting as well, further downside is possible till the next CZ before it could break upwards as prices are retesting a longer term upward trend line.
A further downside and retest of the CZ 3 AND breakout of the downward channel could signal that a H&S pattern (DAILY CHARTING) is about to be completed. This second scenario is dictated in RED ARROWS.
Disclaimer: Content discussed is for informational purposes only and does not construe an offer or solicitation to engage in any activity regarding the subject matter.
Nota
TRADE INACTIVE: GBP pairs melted. Price action at 144.300 (retest of TL) will signal further downside or otherwise.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.