GBPJPY

8 ก.ย. 2020

Long overall - short for the next week.

Looking at the extension - the 3rd wave was hit and only moved 7 pips above target level.

we are now seeing a 3-4 wave on weekly with 137.75 and 136.20 being two potential pullback regions. The weekly indicators - MACD, Stochastic, RSI etc all showing price is above the 80 level. which lines up nicely with a pullback. the PTI level is above 35 showing regular profit-taking from the wave 3. If the price can come down below 137 we would be around the lower level of the weekly regression channel. Again supporting the consolidation, collection of liquidity and rise to complete the 5th wave.

Let's see where it goes from here. Will update accordingly.

Disclaimer
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8 ก.ย. 2020

บันทึก

13 ก.ย. 2020

บันทึก

Wave 5 might not be as high - we could see it hit the top of the channel, logically it's a pullback on the weekly after the weekly broke a solid trendline. the daily will pullback maybe as high as 142-144 (for me 138.50) and with COVID 2.0 and the Brexit Farce, we could see it all the way down the lower end of the channel maybe even taking out 123 lows in March.

14 ก.ย. 2020

บันทึก

Into the next phase -

13 ต.ค. 2020

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

Awesome! next entry probable short bias.