Gbpjpydaily
GBPJPY-- Lets Watch Sell Entry <<Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management.
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GBPJPY: The probability of Diagonal pattern formation In the daily chart, by checking the details of the waves we can see that wave i from the sub-waves of wave 3 has completed in the range of 133.04, we are currently in wave ii.
In the 240-minute diagram and in the details of wave 2 from sub-wave C, a diagonal pattern is forming which we can consider it as a terminated wave in the range of 142.03.
To confirm the main downtrend, the price needs to cross from the range of 139.51 with 5 descending waves.
GBPJPY under Pressure of Resistances (Ready for Bearish)Here in Gbpjpy, i've mentioned the level @141 as selling point for 200+ pips for today if it fall otherwise the above area i've taken the familiar trend line & from 142 approx considering the proper sell area in which fake design will occur (this is in case if today it isn't fall down). All other supports & resistances are mentioned there. Best of luck with GJ.
I HOPE THIS ANALYSIS GIVES YOU THE BETTER IDEA TO DO BEST.
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P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
Daily Update- Sell -GBP/JPY-- W1Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
_______________________________________________________________________________________________________________________________________________________
Thank you for your support!