Why I Think GBPJPY Might Continue Selling...Technical Analysis
Hey Rich Friends,
Happy first day of December! I wanted to share my analysis of GBPJPY. I haven't made any moves yet but I will be looking at it for a sell. This is only my technical analysis so I encourage you to check the news and cross-reference the indicators on your own chart. Here is what I am looking at:
- Price has crossed and closed below the previous level of support at 205.730 on H4. This is a bearish confirmation for me.
- The selling momentum has picked up over the last couple of hours
- The stochastic is below 20 on H4. This is a bearish confirmation for me.
Additional information:
- I will be setting sell stops and TPs at previous lows. A will choose a previous high as my SL.
- It's consolidating a little bit right now, but I have more sell confirmations.
Good luck if you decide to take this trade or trade this week.
Peace and Profits,
Cha
Happy first day of December! I wanted to share my analysis of GBPJPY. I haven't made any moves yet but I will be looking at it for a sell. This is only my technical analysis so I encourage you to check the news and cross-reference the indicators on your own chart. Here is what I am looking at:
- Price has crossed and closed below the previous level of support at 205.730 on H4. This is a bearish confirmation for me.
- The selling momentum has picked up over the last couple of hours
- The stochastic is below 20 on H4. This is a bearish confirmation for me.
Additional information:
- I will be setting sell stops and TPs at previous lows. A will choose a previous high as my SL.
- It's consolidating a little bit right now, but I have more sell confirmations.
Good luck if you decide to take this trade or trade this week.
Peace and Profits,
Cha
Trade fermée: ordre d’arrêt atteint
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.