GBPJPY Back to being BULLISH
After encountering eight unsuccessful attempts to initiate a short position, I revisited the broader market to identify what I might have overlooked. Scanning through various time frames, I eventually pinpointed the candle that seemed to be causing the most complications for me, specifically on the 30-week time frame.
Upon analyzing the monthly chart, a bearish trend became apparent to me. Simultaneously, I monitored the JPY index to assess the strength of the Yen. At the time of this post, it was undergoing a slight pullback.
Contemplating the possibility of going short based on the monthly structure, I found myself oscillating between bearish and bullish sentiments. Initially considering the pullback as a potential explanation, I couldn't shake off my initial bullish inclination.
As time progressed, peculiar events unfolded, including bullish candlestick behavior and substantial spikes from smaller time frames, pointing to the upside. Consequently, I am reassessing my stance.
While I would welcome a robust pullback to the upside on the monthly chart, I remain watchful to see how the situation unfolds.
Upon analyzing the monthly chart, a bearish trend became apparent to me. Simultaneously, I monitored the JPY index to assess the strength of the Yen. At the time of this post, it was undergoing a slight pullback.
Contemplating the possibility of going short based on the monthly structure, I found myself oscillating between bearish and bullish sentiments. Initially considering the pullback as a potential explanation, I couldn't shake off my initial bullish inclination.
As time progressed, peculiar events unfolded, including bullish candlestick behavior and substantial spikes from smaller time frames, pointing to the upside. Consequently, I am reassessing my stance.
While I would welcome a robust pullback to the upside on the monthly chart, I remain watchful to see how the situation unfolds.
Bài đăng liên quan
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.