Currently GBPJPY has shown a slight touch of hesistation trying to reach the next resistance level. I feel as if this is a fake pullback and price will continue upwards. in my opinion it will use the news break to launch up past 248.8.
If price does not reach resistance level, we could be looking at a retrace to 156.6 then bounce up again for a double top using the news. will update this as we go and see if we can see a break in formation on lower timeframes to execute the trade in confirmation.
If price does not reach resistance level, we could be looking at a retrace to 156.6 then bounce up again for a double top using the news. will update this as we go and see if we can see a break in formation on lower timeframes to execute the trade in confirmation.
Comment:
DISCLAIMER! SOME OF THE TRADES WERE MADE USING REPLAYS AND DEMO ACCOUNTS. SOME TRADES IN PAST WERE PURELY BACKTESTING AND SEEING IF MY STRATEGY WORKS. THIS IS MY OPINION AND MAY NOT BE ACCEPTED BY ALL