GBPJPY analysis - waiting for 159.00 to be broken.....



chart h1 - 6 pm Malaysia
three bearish candle....
weekly fibo 38.2% rejection....
confluence of weekly fibo 50% level and lower trendline at 159.00
bears needs to pierce 159.00 to wrest control....

UPDATE: at 9.15 pm, price hit 158.60
already +140 pip (entry based on prior price action at smaller TF)
let's pray the beast keep diving...
[-o<
at 10.30 pm, price hit 157.00 - another 200 pips potential gain

0 comments:

Post a Comment

You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.