The pair might soon experience an abrupt change to the downside.
Firstly the whole move tho the upside did not have much of a correction which would be commensurable in time and price.
Secondly, the pair is potentially positioned in wave B. This causes us to think that there will be a C wave down.
Thirdly, GBPJPY is forming a pattern which Fractology identifies as a reversal pattern.
Fractology would advise waiting for a move before taking any trades. After that happens we will find a place to sell within a corrective pattern.
Firstly the whole move tho the upside did not have much of a correction which would be commensurable in time and price.
Secondly, the pair is potentially positioned in wave B. This causes us to think that there will be a C wave down.
Thirdly, GBPJPY is forming a pattern which Fractology identifies as a reversal pattern.
Fractology would advise waiting for a move before taking any trades. After that happens we will find a place to sell within a corrective pattern.
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.