may be wait for some areas with effect strong sell pressure build consolidation
To analyze the provided GBP/JPY chart, look at several key aspects
Trend Analysis: Identify the overall trend direction. Notice if the price is making higher highs and higher lows (bullish) or lower highs and lower lows (bearish).
Support and Resistance Levels: Look for horizontal lines in the chart indicating key levels where the price has previously bounced or faced rejection. This can help predict potential reversal points.
Fibonacci Retracement: If Fibonacci levels are indicated, they can provide insight into potential reversal points during retracements.
Price Patterns: Look for common patterns like head and shoulders, triangles, or flags that may indicate future price movements.
Volume Analysis: If volume is present on the chart, it’s useful to assess whether it supports the move (increasing volume during a breakout suggests strength).
confirmation of trends or reversals.
Always combine different aspects of technical analysis for a more comprehensive view, while also considering fundamental factors that may affect GBP/JPY.
To analyze the provided GBP/JPY chart, look at several key aspects
Trend Analysis: Identify the overall trend direction. Notice if the price is making higher highs and higher lows (bullish) or lower highs and lower lows (bearish).
Support and Resistance Levels: Look for horizontal lines in the chart indicating key levels where the price has previously bounced or faced rejection. This can help predict potential reversal points.
Fibonacci Retracement: If Fibonacci levels are indicated, they can provide insight into potential reversal points during retracements.
Price Patterns: Look for common patterns like head and shoulders, triangles, or flags that may indicate future price movements.
Volume Analysis: If volume is present on the chart, it’s useful to assess whether it supports the move (increasing volume during a breakout suggests strength).
confirmation of trends or reversals.
Always combine different aspects of technical analysis for a more comprehensive view, while also considering fundamental factors that may affect GBP/JPY.
Trade closed: target reached
what a perfect chart analysis and entry setup goes to achieved target congratulation guys our setup is has been achieved successfully Harry Trader
t.me/+4m_vvT-TNK0yYTE8
Free Education & Signal Daily
Focus on Gold/XAUUSD
BTC/USD
GBP/JPY
EUR/USD
GBP/USD
STOCKS
COMMODITIES
Sharp Entry & Sniper Entry
t.me/+4m_vvT-TNK0yYTE8
t.me/+4m_vvT-TNK0yYTE8
Free Education & Signal Daily
Focus on Gold/XAUUSD
BTC/USD
GBP/JPY
EUR/USD
GBP/USD
STOCKS
COMMODITIES
Sharp Entry & Sniper Entry
t.me/+4m_vvT-TNK0yYTE8
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.
Harry Trader
t.me/+4m_vvT-TNK0yYTE8
Free Education & Signal Daily
Focus on Gold/XAUUSD
BTC/USD
GBP/JPY
EUR/USD
GBP/USD
STOCKS
COMMODITIES
Sharp Entry & Sniper Entry
t.me/+4m_vvT-TNK0yYTE8
t.me/+4m_vvT-TNK0yYTE8
Free Education & Signal Daily
Focus on Gold/XAUUSD
BTC/USD
GBP/JPY
EUR/USD
GBP/USD
STOCKS
COMMODITIES
Sharp Entry & Sniper Entry
t.me/+4m_vvT-TNK0yYTE8
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.