GBPJPY SHORT with Potential Reversal
Short on GBPJPY.
On the right side of the screen is the 15 minute time frame to the horizontal support line as the first target (Approx 75 pips away from current position. Take partial profits and let the rest ride. Although, price MAY reverse from here and start going up to the top of the Trading Range.
On the left side (Higher Time Frame), we are in a Trading Range.
At the moment we are continuing down and may fall down to the major support line for a big move of approximately 670 pips. However from here to the bottom, i'm looking for potential reversals for a move up to the top band of the Trading Range.
On the right side of the screen is the 15 minute time frame to the horizontal support line as the first target (Approx 75 pips away from current position. Take partial profits and let the rest ride. Although, price MAY reverse from here and start going up to the top of the Trading Range.
On the left side (Higher Time Frame), we are in a Trading Range.
At the moment we are continuing down and may fall down to the major support line for a big move of approximately 670 pips. However from here to the bottom, i'm looking for potential reversals for a move up to the top band of the Trading Range.
Comment:
Here is another possibility on the weekly. Hence, looking for a potential reversal, yet riding it down as far as i can.
Comment:
Going to sleep friends. We are in a potential reversal zone on the 30 minute. If price breaks all trendlines, has good follow through buying
from bulls then it might be a good buy trade.
Goodnight. Rememeber your risk management! Don't put too much emphasism on any one trade.
from bulls then it might be a good buy trade.
Goodnight. Rememeber your risk management! Don't put too much emphasism on any one trade.
Comment:
Looks good for the reversal. Awaiting higher prices.
If we continue up we have about 2050 pips to gain from here.
If we continue up we have about 2050 pips to gain from here.
Comment:
Broke up above some structure and creating new highs on the 5 minute.
Breaking out on the higher time frames and forming a channel. www.tradingview.com/x/WvTTPrZH/
Breaking out on the higher time frames and forming a channel. www.tradingview.com/x/WvTTPrZH/
Comment:
Comment:
4 hour Breakout