After a consolidation period finally the trend is on the uptrend and i traded this breakout hoping to down soon and make another breakout to up
Based on my analysis the price is heading on a downtrend and we can expect a breakout at the resistance level
The price has just formed 2 bounces of an uptrend and if there's a breakout at entry point enter as this is a long term trade
Short opportunity for gold, this is the second bounce of downtrend
After a long downtrend caused by fundamental trading, the currency went to consolidation period and bounced back to an uptrend.
Based on my analysis i am waiting for a third bounce and if a there's no breakout i cancel the pending order
Make a pending order and wait for a breakout and if the market continues to rise up please cancel the pending order if there's no break-out
At the third bounce am expecting a downtrend on this pair
Based on my analysis and pure predictions the GBP/JPY will retest very soon so be ready with the buy ammunition and make massive profits. The pending order is at 151.610 and take profit is 152.277
The currency has tested in 3 major bounces and after the breakout expect a nice short but for scalping only