TradingView
Jase_jj
3 มีนา 2019 เวลา 4 นาฬิกา 14 นาที

GBPJPY WEEKLY OUTLOOK/BREAKDOWN เพิ่มขึ้น

British Pound/Japanese YenFXCM

คำอธิบาย

The Pound-Yen is now in an overall uptrend after breaking daily structure. I am currently awaiting a pullback to form our first HL after which I will be looking for possible entry opportunities to flow along with the overall strong uptrend. It might be tempting to trade the retracement but flowing with the overall trend generally results in better quality high probability setups.

ความคิดเห็น

GBPJPY has retraced 50% of the previous week's bullish push. Based on current price action we could see deeper retracements to 61.8% level (143.813). I have taken advantage of the past week's selling opportunities. This week is expected to be a volatile one, however, I am still favouring a move towards the upside. A proper H4 break of structure on the H4 and an EMA cross above the simple moving average would serve as confirmation of the lower timeframes change in direction. If these conditions are not met I will continue to flow along with the bearish movements. Another weekly breakdown will be posted this Sunday before market open.

ความคิดเห็น

GBPJPY retraced 61.8% before making a break to the unpside continuing the overall uptrend. Upside target remains at 149.
ความคิดเห็น
jjohnsonjai
Why do you say GBPJPY is in an overall uptrend when there are higher highs and lower lows? Isn't that a clear downtrend?
Jase_jj
@jjohnsonjai, GBPJPY is indeed in an uptrend. Higher lows and higher highs is the definition of an uptrend. As long as these higher lows are not broken on my daily & H4 my overall bias is bullish. I have no problem explaining further if you'd like me to.
Christopher-James
Thanks for taking the time! Nice breakdown
Jase_jj
@cashmachine01, Ill be doing these breakdowns weekly. Stay tuned.
เพิ่มเติม