GBPJPY - Pullback Trade
Updated
The Stochastic, Stochastic RSI, & RSI are all flashing green "buy signal"...
The MACD is quite-strongly suggesting a price rebound upwards again very soon...
Additionally, the Ichimoku bright-green MA is drifting the price too far away from the bright-red MA (& then the price is also offset from the bright-green MA by a significantly wide margin); as such, the price should pullback upwards to the bright-red MA once again pretty soon...
Price target would be at the cloud-resistance overhead (although traders can choose to take-profit anytime earlier)...
*This chart is just a sample trade suggestion, it should never be used for making a big investment decision (that may result in any great loss)...
Best regards.
The MACD is quite-strongly suggesting a price rebound upwards again very soon...
Additionally, the Ichimoku bright-green MA is drifting the price too far away from the bright-red MA (& then the price is also offset from the bright-green MA by a significantly wide margin); as such, the price should pullback upwards to the bright-red MA once again pretty soon...
Price target would be at the cloud-resistance overhead (although traders can choose to take-profit anytime earlier)...
*This chart is just a sample trade suggestion, it should never be used for making a big investment decision (that may result in any great loss)...
Best regards.
Trade closed manually
Alright, the trade is closed manually to collect the profits... I will be going to look for another trade...Best regards.
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