GBPJPY analysis - retracement completed??



h1 chart - 1 pm Malaysia
price upsurged due to Royal Bank of Australia rate cut
shooting star candle at confluence of resistance area and daily 38.2% fibo
will price now continue to go down??
let play it by ear...
B-)

UPDATE: by 2 pm, high reliability bearish evening star has formed
downwards move is confirmed...
let's pray Frankfurt push the baby down....
price went down 50 pips during London opening...
moved SL to +5 pips
stopped out at +5

:))

2 comments:

  • Oh! it's a very best analysis I found in this world. You,GJtrader ,you're the best.

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    Peraphat from Thailand.

  • thank you very much...
    glad you benefited from my blog...
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