After moving up correctively for several months, now once again a big short opportunity presented it self on GBPJPY. This one is looking very interesting. The price has now reach a very high value area, at the top of multi TF structure. It also near the daily inflection point (double top) area.. To add more confluences this weekly close price forma very nice bearish pinbar with big wick.
In the lower TF, we can see now that the price already rejected very impulsively from the top high value area. Its starting to consolidate a little now in H1 – H4 TF. I will look closely on how the price develop in this area. If the price form some clear bearish contuation structrure,.. I will take the break of the structure as confirmation for more further downside move.
If we look at the bigger picture on HTF structure on how the price develop, we can see that this pair really have massive profit target area,.. there is still so many opportunity that will present it self, and I’m expecting we will finally see some big momentum on this pair for the next few months.
For now, let’s see how will this pair develop, good luck..
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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In the lower TF, we can see now that the price already rejected very impulsively from the top high value area. Its starting to consolidate a little now in H1 – H4 TF. I will look closely on how the price develop in this area. If the price form some clear bearish contuation structrure,.. I will take the break of the structure as confirmation for more further downside move.
If we look at the bigger picture on HTF structure on how the price develop, we can see that this pair really have massive profit target area,.. there is still so many opportunity that will present it self, and I’m expecting we will finally see some big momentum on this pair for the next few months.
For now, let’s see how will this pair develop, good luck..
__________________________________________________________________________________________________________________________________________________________________
Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
__________________________________________________________________________________________________________________________________________________________________