looking to long the GBP from seeing by this trade set up
new up trend(making new highs) not going any lower now.
looking for key levels on price chart and also fib lvls
weekly stochastic over sold rn coming back up
daily stochastic isnt where i want it to be for upside but as i see 4h and 1h its looking good for set ups
On the Monthly, Overall bearish from last month but now coming to a whole level of 136. looks like a key level of S/R.
on Weekly, Over sold with Stochastic (blue circle) starting to crossover and to start to head back up along with the
Daily, Daily has been over sold quite some time on the stochastic indicator, following trend down side from recent over bought on...
Trade Idea. looking at GBP/JPY breaking out of overall trend and headed upward. see already only daily 1234 wave already going to possibly making that 5th wave up from support were at now.
*red circles are daily over bought and over sold on stochastic rsi and regular stochastic.
~looking at 4h also the same as daily being over sold. (wait for cross over and enter...
using quarter thoery as you can see here we are coming to a whole level of 147. , these trends move about 5-8 cents. so 148 would be our 8th cent. seeing that the indicator on the daily has some momentum fro the hourly still following trend line we could see a major fall coming off our monthly trend line, waiting for break through on daily trend line and cross...
..................https://www.tradingview.com/x/wDIsEFjj/................https://www.tradingview.com/x/GbQJxFtP/.
looking good on the 4H and the 1H, on rsi with a high of 70. Maybe hitting off Mass level of 1.24000 ? even where it is now hitting off resistance at 61.8% back down to half level of 1.23500. what do you guys think? The higher arrow is for if it does...
