LOOKING AT THE PRICE, WE CAN SEE THAT THE PRICE ITS ON A RESISTENCE, IM SEEING THAT THE PRICE IS HAVING PROBLEM TO BREAK THAT LEVEL, SO SEEING THE PROBABILITIES I PREFER TO THROW A SHORT POSITION SEEN THE LOW LEVEL OF STOP LOSS. SHORT.
LOOKING AT THE CHART WE CAN SEE THAT THE PRICE COULD NOT BREAK ABOVE THAT RESISTANCE, SO SEEING THIS SITUATION WE CAN ASSUME THAT THE BUYING FORCE IS LOSING POWER. THA IS WHY I PREFER TO GO SHORT IN THIS LEVEL.
LOOKING AT THE 4H TIMEFRAME , WE CAN SEE THAT THE PRICE COULDNT BROKE ABOUT THE RESISTANCE ZONE, SEEING THAT THERE IS 4 CANDLES OF 4H TRYING TO BREAK THIS LEVEL , I ASSUME THAT THERE IS NOT ENOUGH FORCE TO GO THROUGHT THAT LEVEL. SHORT!
AS YOU CAN SEE THERE WAS A BIG MOVE BECAUSE OF THE INTERES RATES OF THE BoE. So we can understand that if too many peaople bought at some point the need to sell. Well i´m expecting they sell in this area, so Short
AS YOU CAN SEE THERE WAS A BIG MOVE BECAUSE OF THE INTERES RATES OF THE BoE. So we can understand that if too many peaople bought at some point the need to sell. Well i´m expecting they sell in this area, so Short
AS YOU CAN SEE GBPJPY IS BEEN ON A RALLY FOR A COUPLE OF DAYS, AND THE MOMENTUN OF THAT RALLY IS LOSING FORCE, SO I SEEING THIS SITUATION I OPEN A SHORT POSITION. IF YOU HAVE ANY FEEDBACK OR COMMENT FEEL FREE TO WRITE IT DOWN!.