Why I Think GBPJPY May Continue to Sell...Technical Analysis
Hey Rich Friends,
I think GBPJPY will continue to sell today and maybe this week. This is only a technical analysis so check the news and cross-reference your charts/indicators. Here is what I am looking at:
- The market has already rejected the daily high of 188.852, which is a strong sign that it can continue to move down.
- The 4-hour low was broken, and sellers are picking up momentum on lower time frames.
- The stochastic is facing down, the slow line (orange) is above the fast line (blue), and both lines have crossed below 50
Sell stops are recommended. I will use previous lows as TPs and previous highs as stop losses. Good luck if you decide to take this trade. Let me know how it goes in the comments.
Peace and Profits,
Cha
I think GBPJPY will continue to sell today and maybe this week. This is only a technical analysis so check the news and cross-reference your charts/indicators. Here is what I am looking at:
- The market has already rejected the daily high of 188.852, which is a strong sign that it can continue to move down.
- The 4-hour low was broken, and sellers are picking up momentum on lower time frames.
- The stochastic is facing down, the slow line (orange) is above the fast line (blue), and both lines have crossed below 50
Sell stops are recommended. I will use previous lows as TPs and previous highs as stop losses. Good luck if you decide to take this trade. Let me know how it goes in the comments.
Peace and Profits,
Cha
Dagangan aktif
TP 1 HIT! +40 pips in profitDagangan ditutup: sasaran tercapai
TP 2 HIT! 
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.