GBPJPY - Hmmm
This pair, in my eyes has a lot of IF/THEN situations.
I'm thinking short but first I would like to see a few things happen.
Overall this has been in a smooth up trend but i'm seeing on the daily, some new LOWER HIGH and market keeps bouncing off that 176.350 zone.
I think IF a candle can break that 176.350 and close below. I would like to see the market drop to 172.858 to make a new LOWER LOW. ( this is were i placed my 23%level using fib)
After that we could get a small test AGAIN at that 176.350 level but I would like to see this pair drop to 170.068
then for the LONG future hit 165.099
Just a waiting game. If this doesn't play out i'll be back to look at LONG opportunists
I'm thinking short but first I would like to see a few things happen.
Overall this has been in a smooth up trend but i'm seeing on the daily, some new LOWER HIGH and market keeps bouncing off that 176.350 zone.
I think IF a candle can break that 176.350 and close below. I would like to see the market drop to 172.858 to make a new LOWER LOW. ( this is were i placed my 23%level using fib)
After that we could get a small test AGAIN at that 176.350 level but I would like to see this pair drop to 170.068
then for the LONG future hit 165.099
Just a waiting game. If this doesn't play out i'll be back to look at LONG opportunists
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.