Hey Guys, GBP/JPY continues sharp breakout flow on Thursday to hit its highest level since early-February, extending the sharp breakout move that has been in place for more than a week. This breakout was initiated last week on April 18th, after UK Prime Minister Theresa May called for a snap election to be held in June.This political move was undertaken so that...
GBPJPY has broke out of a bullish triangle formation. Expecting follow through of the run up. Resistance turn support area at 139.9-140.5
GBPJPY aggressive LONG trade idea up to 165 looks like it is setting up for a next bullish drive here
Always with regard to doing some backtesting evaluations aimed to spotting reversal, let’s consider only intraday, and only slow Guppy Multiple Moving Average - GMMA. reversals seem to be often signaled by the concurrence of: 1)high distance (say 1 or 2 STD, it should be checked out) from vwap, while 2) price vs all slow GMMA, or at least most tehm, are on...
I have noted some confluence on the 4 hr chart for the Guppy. It looks like a potential swing trading opportunity to go short. Perhaps I'll hold until the end of the week. I've broken my reasoning up into three areas below: - 21/9 MA's have recently crossed - Key Fib level lines up with resistance/support - Broken support now turned resistance Although my...
Guppy EMA Trend Based Indicator Requested by 2use General RULES 1. If Fast and Slow EMA's are ALL in Uptrend. Fast EMA=Aqua Slow EMA's=Green. 2. If Fast And Slow EMA's are ALL in DownTrend. Fast EMA's=Orange Slow EMA's=Red. 3. If Conditions 1 or 2 = False the Color=Silver. 4. If Down Trend Slow EMA's = Resistance. 5. If Up Trend Slow EMA's =...