PeanutButter

GBPJPY POSSIBLE MONTHLY STRUCTURE OLHC (BUYS)

Long
FX:GBPJPY   British Pound / Japanese Yen

Possible Monthly Structure for GBPJPY appears to be OLHC (open low high close) which means we are going in for Monthly buys once price finds a strong support with current daily candle closing with TDi Priceline crossing.

Priceline must cross above bloodline in the Daily time-frame to confirm the presence of Buyers in market.

Potential Target after this plays out is 153.477 (Open of the Month of July 2021).

Bullish divergence also starting from 23rd April 2021 till current market price, perfect confirmation we will be going in for Buys soon.

Priceline is still below bloodline in the Daily timeframe for TDI , Current Daily candle still has Bearish presence (Check with Heikin Ashi).
Waiting for a Bullish TDI cross in Daily Timeframe for Buys.

Trade with Caution. Wait for valid entries.

P A T I E N C E + D I S C I P L I N E

Please support this idea with LIKE if you find it useful..

Comments

we also have analyzed GBPJPY. we are in sell position, whenever you have some free time check it out on our page.

extremely thank you for sharing your idea
Reply