Year 2020 Discount for GBPJPY

31 ธ.ค. 2019

You will see that there is a strong consolidation in the pink rectangle area where price fluctuates between 139.044 to 141.597. So, there is a possibility that the price may revisit this area before we see a rebound.

Alternatively, as the bearish trend line is broken out, it might also just lift up from the current price and heads higher.

Trade safely.

3 ม.ค. 2020

บันทึก

The power of the rectangle, haha. It seems to suck in the energy in the buyers and pull them down to gravity. Let it fall a bit more and wait for the breakout (draw your own diagonal trend line) and see what happens.

6 ม.ค. 2020

บันทึก

True enough, 140.882 was the support it needed to rebound and off it goes up. Congrats to those who longed.

9 ม.ค. 2020

บันทึก

Again, the market offer 3 x opportunity for you to get in IF you are busy with other things and missed this pair. All around 141.242 price zone.

There is a saying - you can lead the cow to the river but you can't force it to drink the water. In other words, there can be thousands of charts and strategies available for free here on TV or other social platforms for you to pick and choose (maybe too many), at the end of the day, you need to act on it. Only then, you know if your action leads to what consequences. If favourable, continue. If not, understand what went wrong, adjust and rinse and repeat.