GBPJPY (M) SHORT
Hello, it’s been a long time hope you’re all well. Last month, we saw a lot of bullish momentum, although last week we ended the week with Bearish momentum. Whenever you are spotting divergence it takes a long time to play out, but for this month am expecting a bearish candle for overall close. We are next to a foundation level that means consolidation in the lower time frames. Additionally with market structure, I see bearish candle for the month. The market has been in an impulsive move, as you know the market moves in three ways, implies, correction, continuation. As of now, we are in the impulsive side, hoping to see some correction. Lastly there’s, candle exhaustion at the top of structure from previous
Candles, indicating price exhaustion.
Note: Minor structure moves move faster than major structure moves, thus you can always take advantage on lower timeframes. Make sure your confluences always line up before taking a trade.
Candles, indicating price exhaustion.
Note: Minor structure moves move faster than major structure moves, thus you can always take advantage on lower timeframes. Make sure your confluences always line up before taking a trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.