The chart for the British Pound/Japanese Yen (GBP/JPY) on OANDA uses the following tools and patterns:
RSI (Relative Strength Index): A momentum oscillator measuring overbought/oversold conditions.
Break-out Pattern: Identifies price movements outside key support/resistance levels.
Skypoint: Likely a proprietary or custom tool (specific to OANDA or the user) for trend reversals or key levels.
SAL: Possibly "Support and Resistance Lines" or a strategy tool for marking key price zones.
TW: Could stand for "Trend Wave" or a trend-following indicator.
Additional context:
The chart uses a 30-period timeframe (e.g., 30-minute, 30-day).
The timestamp (Apr 12:37:49 UTC) indicates the analysis time.
These tools collectively aim to analyze momentum, trend direction, and critical price levels for trading decisions.
Target;
Bullish Entry 194.000
Target 194.500
Target 195.000
Target 195.500
Stop Loss is 193.300
RSI (Relative Strength Index): A momentum oscillator measuring overbought/oversold conditions.
Break-out Pattern: Identifies price movements outside key support/resistance levels.
Skypoint: Likely a proprietary or custom tool (specific to OANDA or the user) for trend reversals or key levels.
SAL: Possibly "Support and Resistance Lines" or a strategy tool for marking key price zones.
TW: Could stand for "Trend Wave" or a trend-following indicator.
Additional context:
The chart uses a 30-period timeframe (e.g., 30-minute, 30-day).
The timestamp (Apr 12:37:49 UTC) indicates the analysis time.
These tools collectively aim to analyze momentum, trend direction, and critical price levels for trading decisions.
Target;
Bullish Entry 194.000
Target 194.500
Target 195.000
Target 195.500
Stop Loss is 193.300
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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.
Join Telegram Channel Free t.me/+lvC6DGTZAqk3NTI8 "Explore daily insights: 4/5 signals meticulously analyzed, ensuring an impressive 99% accuracy in forex & crypto trades t.me/+XHUwVU1EKek0Nzlk
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.