GBPJPY Long Idea
업데이트됨
Hey traders!
Looking to long GJ from the 38% fibo, currently lower timeframe structure has now been broken so the short term bias is bearish, however on the daily timeframe GJ is still very bullish. So unless a lower high is formed to indicate more downside and a shift in the structure of this asset bullish is the bias for now on higher timeframes.
Noting this, it is worth keeping an eye on the upcoming COT data this Friday, as firms have been adding shorts to the Pound and adding longs to the Yen.
Now with the market sentiment covered here is the entry and confluences for the Long:
Entry- 197.210 Stop- 45 pips Target- 130 pips (Targeting the previous fibo level)
Entry Signal- H12 Sharkfin on TDI
Confluences:
Key Level
38% Fibo
H12 50MA & EMA
Looking to long GJ from the 38% fibo, currently lower timeframe structure has now been broken so the short term bias is bearish, however on the daily timeframe GJ is still very bullish. So unless a lower high is formed to indicate more downside and a shift in the structure of this asset bullish is the bias for now on higher timeframes.
Noting this, it is worth keeping an eye on the upcoming COT data this Friday, as firms have been adding shorts to the Pound and adding longs to the Yen.
Now with the market sentiment covered here is the entry and confluences for the Long:
Entry- 197.210 Stop- 45 pips Target- 130 pips (Targeting the previous fibo level)
Entry Signal- H12 Sharkfin on TDI
Confluences:
Key Level
38% Fibo
H12 50MA & EMA
액티브 트레이드
거래청산: 타겟 닿음
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.