Some key price action candlesticks we look for when entering a trade. Pinbars: Sign for weakness/rejection, in the correct context, it can be a powerful trend reversal candle Inside Bar: Short retracements / losing momentum, in the correct context, it can show whether a trend is continuing Engulf Candle: opposite from the inside bar, this usually shows strength...
TECHNICAL ANALYSIS: GBPJPY feels good to be take a long swing position. However, due to bearish momentum, I am currently expecting some sort of high market movement when price reaches 131.894. If support level (131.894) holds, we may see upside movement from the GBPYJPY. CURRENT SITUATION: With all that that have been going on in the UK, money printing,...