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 chiuso: stop raggiunto
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.