GBPJPY - HOW TO CHEAT THE SELLERS AND THEN THE BUYERS
Ok Guys. I know GJ is having a hard time and being sold all day. It's sad, but true. But I have some considerations to make before you start selling it too:
- Now, WEEKLY has made a NICEEE DOJI right in a zone.
- MONTHLY has created a huge candle inducing a lot of seller to jump in, but it has started to stall right on that psychological level of 140ish.
- We may not advance without liquidity. We need orders to move any further.
- Daily/4 hour shows a nice sustain of that area.
- AND we have also made a new-yearly low, that might be forgotten in a few days, but not right now.
Considering all of this, I'd wait for price to break that resistance and retest so I could embrace a nice buy there.
but we also might be very wrong and get stopped... that's why we have nice risk management and SL :D
- Now, WEEKLY has made a NICEEE DOJI right in a zone.
- MONTHLY has created a huge candle inducing a lot of seller to jump in, but it has started to stall right on that psychological level of 140ish.
- We may not advance without liquidity. We need orders to move any further.
- Daily/4 hour shows a nice sustain of that area.
- AND we have also made a new-yearly low, that might be forgotten in a few days, but not right now.
Considering all of this, I'd wait for price to break that resistance and retest so I could embrace a nice buy there.
but we also might be very wrong and get stopped... that's why we have nice risk management and SL :D
Note
DON'T FORGET, IF PRICE DOESN'T BREAK THE PURPLE RESISTANCE, THERE'S NOOOOOOOOOOOOOOOO TRADE!Trade fermée: cible de profit atteinte
Target 1 reached
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.