Gbjpy
Could Daily Engulfing Candle Signal Where Breakout Heading?So we respected a bearish harmonic on the daily. But this multi-day consolidation is preparing for a big move.
But I'm curious will the move be strong enough to break the monthly zone of 136.218 and make a bigger push down if this is going to be a major short?
Otherwise, I do see a bearish engulfing as the last candle sitting on this daily zone. So it may be signaling the bull will begin this week. We'll see.
BULL TPS:
• 138.252
• 139.019
• 140.638
BEAR TPS:
• 137.239
• 136.390
• Only id the monthly zone is broken…135.464
• 134.650
GBPJPY BUY TRADE IDEA. Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.