gbpjpy analysis - 06 feb 2023
my insights are as follows
- on friday morning during the london open, market formed an inverse head and shoulder pattern at a significant support level
- market then went on to break that neckline and was bullish throughout there whole day on friday
- today it is currently in a range so i will be waiting for breakout either to the upside or downside but my bias is currently strongly bullish
- so if the 159.410 price is broken i will wait for a retest on lower timeframes then place my long trades and vice versa for a breakout to the downside
- on friday morning during the london open, market formed an inverse head and shoulder pattern at a significant support level
- market then went on to break that neckline and was bullish throughout there whole day on friday
- today it is currently in a range so i will be waiting for breakout either to the upside or downside but my bias is currently strongly bullish
- so if the 159.410 price is broken i will wait for a retest on lower timeframes then place my long trades and vice versa for a breakout to the downside
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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.