very scary move, got stopped out, but big green dildo moves are apparently common, resistance still not broken.
Almost ALL consolidation recently has lead to a new low, if this is another consolidating range, we have a new low incoming. Do not trade on my analysis, I am new and learning. This is a tracker for assess my analysis.
Tracker for me, this is not advice......want to check how my analysis performs
Just a tracking chart I could be, and most likely will be wrong...
GBPJPY has reached a historical AND strong resistance of 168.5, the next move is likely to the downdside till 165.58 range.
This may test 12400 range before breaking out to 12900 and 13100 of what appears to be a bullish pennant to me. Will wait for a breakout candle to enter.
short after reach to 13200 range.............................................................
I will buy till 12200 and then 12500 before shorting again............
The chart that made me some good profit since March, nasdaq on the 1hr, 4hr and 1D time frame. I am no expert but using tight SL and no leverage has worked well. Shorting this till 12200 for now to see what happens next.