I assume there is a formation of a no demand bar, which in general carries for atleast 5 following bars, hence I think the party's not over yet, may see some more lower prices
Bimlesh's Blog
8th aug 18
Excessive high volume found, which may be as a result of breaking support, in which case further lower prices expected, How ever it could also be stopping volume.
7 aug 18 GBP JPY 15m
15 m chart no demand observed, and expect lower prices and assume hourly support to be broken . so going short, keeping stops low
EUR USD entry 6th august 18
Not too sure but its around the resistance region with high volume which I assume is a markup bar, with the next bar selling.. assume lower prices in the current time frame
4th aug 18, weekly chart of pound vs Yen
There has been selling in the background and I assume there's a mushroom type shape formation, indicating distribution, which if is true, the prices following the next few months are going to be lower that 120 levels, hence I would observe for chances of shorting in each entry
Post 1 Aug, GBP/JPY entry
Sold on the given pair, not many reasons, just had to enter any trade, The volume I assume is favouring the down side, Hence taken a sell, Targets around t1 146
GBP JPY 5 min entry 05-03-18
"To be like a sun, be prepared to be burned like it"
I think the marked places are self explanatory, I assume down move to continue in the long term though
I think the marked places are self explanatory, I assume down move to continue in the long term though
GBP JPY trade entry
1 H chart shows clear signal of weakness, however, its just appearing on the higher time frames, but not yet confirmed, I just took the risk
GBP JPY 1 h 3 may
So here I again assume this should be end of the trend in the current time frame else be ready for sharp movement upside
GBP JPY Trade 2 may 2017
So far as per 4H the volume seems to be in support of the move, AO is also positive.
But as per 1H I see a mushroom formation and that shows signals of distribution, which I am curious about, see chart below:
I think it is going to have a steep fall, atleast around 142.5
But as per 1H I see a mushroom formation and that shows signals of distribution, which I am curious about, see chart below:
I think it is going to have a steep fall, atleast around 142.5