GBPJPY Analysis - No Opportunity
There are just too many probabilities in this market at the moment:
(1) Currently, it has reached a resistance level as shown from the three tops areas.
(2) Secondly, there seems to be formation of a Bilateral Ascending Triangle which usually dictates that a market in such a situation could take up any direction when it has completed the formation of that triangle.
(3) Thirdly, there also looks to be formation of a Rising wedge which is usually an indication of a reversal.
With these in mind, I wouldn’t open a position with such uncertainties. I’d probably wait to see a Bearish or Bullish Engulfing candlestick pattern, to give me the go-ahead to open a position.
(1) Currently, it has reached a resistance level as shown from the three tops areas.
(2) Secondly, there seems to be formation of a Bilateral Ascending Triangle which usually dictates that a market in such a situation could take up any direction when it has completed the formation of that triangle.
(3) Thirdly, there also looks to be formation of a Rising wedge which is usually an indication of a reversal.
With these in mind, I wouldn’t open a position with such uncertainties. I’d probably wait to see a Bearish or Bullish Engulfing candlestick pattern, to give me the go-ahead to open a position.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.