The market moves is cycles and levels. GBPJPY market is currently on a strong bullish trend.. Two (2) levels have been completed and awaiting the completion of the third level. After which price will for a peak high which will either contract for a while or drop for a count of three. then a peak low will be formed to move onto the final cycle Price is currently...
The market moves in cycles and levels...gold is current in the 1st cycle of this bullish trend...currently the first level was completed..(long run followed by contraction) which formed around the 1925 quarter levels...we are currently in level 2,which is almost completed...so its best to sit on your hands and wait for the peak reset...before potentially placing a...