Greetings tradingview community,
here is my second analysis, so please tell me your opinion as i am still improving and learning.
GBPJPY formed a SWING HIGH in a current downtrend on the 4 hour chart that respected the red resistance line i pointed out on the chart.
I think GBPJPY will form a SWING LOW as it respected the red resistance line multiple times that you see on the chart.
It porbably goes DOWN to the fibonacci support level at 138.536 that the price respected multiple times too.
I did point out a "risky" sell position on the chart, that i placed myself, and im curious how it will turn out once the markets open again.
I would appreciate your opinion on this analysis, thank you very much and merry christmas.
Neko
here is my second analysis, so please tell me your opinion as i am still improving and learning.
GBPJPY formed a SWING HIGH in a current downtrend on the 4 hour chart that respected the red resistance line i pointed out on the chart.
I think GBPJPY will form a SWING LOW as it respected the red resistance line multiple times that you see on the chart.
It porbably goes DOWN to the fibonacci support level at 138.536 that the price respected multiple times too.
I did point out a "risky" sell position on the chart, that i placed myself, and im curious how it will turn out once the markets open again.
I would appreciate your opinion on this analysis, thank you very much and merry christmas.
Neko
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Hey everybody, so as it seems GBPJPY did hit our Take Profit!