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Candlestick charts are the most common chart types used by retail traders and investors. There are many other types of charts such as line charts, bar charts etc., but they don’t tell the story of past price action like candlestick indicator patterns do. When active trading is based solely upon technical analysis, projecting future price action is rooted in how the price has behaved in the past.
Candlestick analysis is a very useful form of technical analysis. It works almost perfectly in volatile times but also functions adequately in less volatile times. All in all, candlesticks, as well as candlestick trading, works fairly well in isolation or when combined with one or two other indicators.
Candlesticks represent fluctuations in price for a certain period of time. Durations may be as little as one minute or as large as a week or month. The body of the candlestick is the price difference between the opening and the closing time. The two vertical lines on each side, which are called shadows or wicks, display the highest and the lowest point of the price for that period of time.
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gBP/jpy>>
pivot point :141.05
first resistance is on point : 141.25
second resistance is on point :141.45
third resistance is on point : 141.65
In my observation the profitable next selling point will be 141.45
and by my mind the profitable next buy point will be 139.80
I think thats the successful key points for selling and buying for this pairs.>>>
You will earn more money if you will follow my views,
because i have posted this after checking the previous routine of daily time frame of H1,H4 clearly.
note;simply moving on parabolic levels entry.>
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today market trend for gbpjpy
technical indicator for analyzing :
Simple Moving Average : Bearish
Pivot points : Bearish
Current price : Bearish
Resistance and Support points market ke nechay janay ke haq main hain
Sell ki trade profit de gi
Indicators ko follow karte hoye aur apni samjh soch ke sath trading karni chahiye
I recommend this trading trend for all my friends because I made this recommendation after
the great experience of trading and analysis of fundamental approaches.
If you want become Successful Trader In forex business,
do hardwork and get more knowledge and experience about forex trading
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Today's market trend: Sell
kal ki downward movement ko market continue kar skta hai kyuki market meh kafi downtrend tha kal or sellers kafi control me the ,
halaki price abhi ek resistance level pe hai us resistance ko market ache se test karega agar ye level break hota hai toh pakka strong down
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Pivot, Resistance Levels and Support Levels for GBP / JPY
For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 143.683
Resistance Level (R2): 143.385
Resistance Level (R1): 143.008
Pivot Point: 142.710
Support Level (S1): 142.333
Support Level (S2): 142.035
Support Level (S3): 141.658
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Gbp/Jpy
Resistance level
1.Resistance level 143.683
2.Resistance level 143.385
3.Resistance level 143.008
Supporting level
1.Supporting level 142.333
2.Supporting level 142.035
3.Supporting level 141.658
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Gbpjpy
british pound / japanese yen
142.695
jpy
+0.105 (+0.07%)
market open (dec 09 09:41 utc-5)
142.590
prev
142.651
open
125.954k
volume
142.590 — 143.105
day's range.
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Gbpjpy
british pound / japanese yen
142.729
jpy
+0.139 (+0.10%)
market open (dec 09 09:49 utc-5)
142.590
prev
142.651
open
127.569k
volume
142.590 — 143.105
day's ran
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GBP / JPY
For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 143.683
Resistance Level (R2): 143.385
Resistance Level (R1): 143.008
Pivot Point: 142.710
Support Level (S1): 142.333
Support Level (S2): 142.035
Support Level (S3): 141.658
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Gbpjpy
british pound / japanese yen
142.729
jpy
+0.139 (+0.10%)
market open (dec 09 09:49 utc-5)
142.590
prev
142.651
open
127.569k
volume
142.590 — 143.105
day's ran