Thread: Gbp/Jpy
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Ahad45 (2020-08-20), Focky (2020-08-20), jellybelly2017 (2020-08-20), Usama814 (2020-08-20)
A. O. A
Dear friends
Indian Forex Forum is a good profitable site in
the world. it is very easy in working and its
method of posting simple and more reliable
this is a apportunity for all trader that in this
COVID-19 day's stay home and earn money at
home.
Click "THANKS" if you like my post.
Best of luck.
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Ahad45 (2020-08-20), jellybelly2017 (2020-08-20), Usama814 (2020-08-20)
Hello dear traders a great announcement market market is going on down position jin jin traders ny sell ki trade lgai hy bht profit hasil kr rhy hain so stay calm and patience in this situation and dnt be hurry and too late so indicators shows that sell trade is best now days
Best of luck
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Usama814 (2020-08-20)
Currently monitoring what appears to be a typical market market move.
Price is currently trapped in a range and created a double top.
As retail traders we taught to trade certain patterns and the market maker uses this knowledge to create liquidity
When retail traders saw the double top they started selling, price the spiked out of the contraction to the downside inducing more selling from breakout traders, some sell traders will be in profit for a moment.
The market maker will drive price up ,in the process turning the sell positions into buys and inducing breakout traders to buy even more in this process they will create enough liquidity to fill there sell orders.
I expect price to move into the area marked supply then we will wait for our confirmation to sell and ride the wave with the market maker.
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happy trading all, this pair is still moving sideways until now from the H4 time frame it is known that pair movement is still moving above the 161.8% fibo level if later the price breaks below it then the next price will target the support level below the price
but if the price rises it is possible that the possible level for the price to be touched is the SBR level which I marked with a line the top this is where we can do selling reentry with the condition that the price reject from here
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jellybelly2017 (2020-08-20), Usama814 (2020-08-20)
in my opinion this pair will go up again because it still looks bullish so I am more confident we need to open buy again even if it goes down I think it's just a correction and because the market is closed
don't forget if you experience an error always self-evaluate and try to improve don't forget to pray first before doing anything, that way we can be calm in carrying it out and later we can accept whatever results we have tried and be aware that the rise is still far away.
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yuyul (2020-08-20)
I think this pair still in a bullish trend. yesterday's bearish candle is just a correction before it will continue its bullish trend if seen from the weekly time frame in the form of bullish and overall last week the price movement was still controlled by the buyer while on the daily time frame itself
the trend reversal pattern has been formed quite well so that the opportunity for prices to continue moving up is quite open
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hello my dear friends how are you , I hope you will be fine everyday I predict this pair will reach to the next resistance level, maybe this pair will make some correction to the next high level.
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator .
BUY position is better choice now, you can set target profit level 35 pips from current price
that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction.
bullish signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
this pair can continue bullish trend today and there is possible chance price will move to up side.
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yuyul (2020-08-20)
hello everybody how are you hope you are enjoying your trading day and making your analysis for the coming days
I am going and analysis for the coming days the market of this pair is not move on technical basis but it is moved on fundamental basis area know when gold take a bullish moment then it is also take a bullish movement so here we can say that price will move up side when market will open and its target will be reached
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yuyul (2020-08-20)
Respected members of Indian forum
This pair surely increas the movement down
Side, because of indicators show that the down
Trend
Pivot Point, Moving average ,Crunt price, Rsi,
Resistance and Supporting points, MACD,
Parabolic sar, Bollinger Band, H4, H1, M30,
All the indicators running the favor down
Side
So market trend this time is sell
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