GBP/JPY 1HR LONG
Daily candle is bullsih. The price could fill the Daily wick to the left. However, making retracements before filling the wick.
4HR formed some kind of resistance. The candles formed support and testing the resistance again.
1HR, the candle above the range. candle went up but came down and might close back in the range making it a fake out.
In 30m, price broke the previous high. Now, its making a pullback. price has been rejected a few times from the range. Will be looking for a Buy option if a support is formed here with a strong bullish candle.
Or it could could go even lower to the 1HR zone. Will be looking for a support to be formed there if the price went to that level.
Any feedback is welcomed :)
4HR formed some kind of resistance. The candles formed support and testing the resistance again.
1HR, the candle above the range. candle went up but came down and might close back in the range making it a fake out.
In 30m, price broke the previous high. Now, its making a pullback. price has been rejected a few times from the range. Will be looking for a Buy option if a support is formed here with a strong bullish candle.
Or it could could go even lower to the 1HR zone. Will be looking for a support to be formed there if the price went to that level.
Any feedback is welcomed :)
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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.