SubscribeA clear break above the trend line resistance could be a threat to my bearish outlook and might be the beginning of a new bullish phase
Thread: Gbp/Jpy
A clear break above the trend line resistance could be a threat to my bearish outlook and might be the beginning of a new bullish phase
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Hamzagoroo (2019-03-23)
the pair is trading now above the level of 126.00 and that's mean the uptrend is still standing and the pair might reach 126.70 , but if the pair succeeded in breaking 126.00 , it will continue in down trend heading to 125.70 and then 125.40
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Hamzagoroo (2019-03-23)
It is more likely to go down to around 125.80 or lower, and after that, it might have potentially to go up .
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The GBPJPY was volatile but indecisive yesterday, made a Doji on daily chart. Price attempted to push higher but the trend line resistance did a good job preventing further upside pressure
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Hamzagoroo (2019-03-23)
If a M15 close above 127.00buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 126.00 sell only and do not buy. If price closes back above it again do nothing
The range 127.00 and 126.00 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hamzagoroo (2019-03-23)
the pair and as we can see from the chart is trading now above the level of 126.00 , so when ever the pair success in breaking 126.00 , that's mean the down trend will be assured and the pair might head to 125.60 and then 125.20
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hamzagoroo (2019-03-23)
the pair and as we can see from the chart is trading now above the level of 126.00 , so when ever the pair success in breaking 126.00 , that's mean the down trend will be assured and the pair might head to 125.60 and then 125.20
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Abubakar 148 (2020-08-18), Hamzagoroo (2019-03-23)
Cable reached a fresh 2-day high at 125.07 but retreated afterwards. At the moment is trading at 124.95/99, less than 20 pips above today's opening price, and continues to test 125.00.
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Hamzagoroo (2019-03-23)
dips below 125.00 and we look for the formation of a fresh medium-term higher low around the psychological barrier ahead of the next major upside extension back towards and eventually through 140.00
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hamzagoroo (2019-03-23)
If a M15 close above 127.00 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 125.50 sell only and do not buy. If price closes back above it again do nothing
The range 127.00 and 125.50 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hamzagoroo (2019-03-23)
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