GBPJPY 800 Pips/8% Account growth expected will it reach 145.00?

9 thg 11, 2020

GBJPY
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⏳4 Hour chart
🎲 Possible entry analysis
⛳️ Possible bull/bear target
📚Educational

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Detailed analysis 💬

1️⃣ Price above Point of control-Volume profile
2️⃣ Bounce from lower trendline
3️⃣ Broad weakness of USD, Positive brexit talks
4️⃣ 138.00 Dynamic support and resistance
5️⃣Bounce from 134.00 Key psychological level
6️⃣ 135.00 will Acted as strong support
7️⃣ Technical support - Bull
8️⃣141.500 will acted as key reversal-bearish
9️⃣ July high-Immediate resistance-Alternative bearish entry
🔟 Possible swing target-145.00 psychological level
#️⃣ Overall bullish trend-Within converging triangle pattern

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📉 Technical bias-H4-Bullish

Price is around 50,100,200 Exponential moving average
100,200 Exponential moving average will act as support-Bull
Relative strength index - Reached 60- Still it has some room for the bull
MACD -Turned green and well above signal line, oscillators pointing upward
Stochastic - Reached 75- overbought condition short term fall back expected
Ichimoku cloud -cloud is still green-Price is above the cloud-Middle line support
Bollinger band- Price reached around the upper band-Short term bearish correction towards middle band

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Key reversal area's

136.000 psychological level
142.600 August month high
139.730 July month high
136.050 50% Fibonacci retracement level
140.00 Major psychological level
136.400 Possible entry- Bull
141.500 Trendline resistance/Alternative bearish entry

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Bullish entry #poundr #gbpjpy

Entry price - 136.400

Take profit 01 - 138.400 (180 PIPS)
Take profit 02 - 141.500 (475 PIPS)
Take profit 03 - 145.000 (800 PIPS)

🚫 Stop lose 135.400

⬆️ 6.3% Growth expected
⤴️ Account growth .73: 6.3
✅ Risk reward ratio 1 : 8.5

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9 thg 11, 2020

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GBPJPY is running with +190 Pips