Evening Traders,
Today’s analysis – GBPJPY – trading towards key swing high area where a rejection is possible,
Points to consider,
- .618 Fibonacci Resistance
- Key Swing High Liquidity
- POC Objective
- Price Action Rotation
GBPJPY’s immediate price action is trading towards liquidity pool with the .618 Fibonacci in confluence, allowing for a bearish bias.
The POC is the immediate objective; exceeding this level will lead to a deeper pull back.
Price action is to be used upon discretion/ management when executing this trade, invalidation is multiple candles closes below the POC.
Hope this analysis helps, thank you for following my work and remember,
“Never let a win go to your head, or a loss to your heart.” – Chuck D.
Today’s analysis – GBPJPY – trading towards key swing high area where a rejection is possible,
Points to consider,
- .618 Fibonacci Resistance
- Key Swing High Liquidity
- POC Objective
- Price Action Rotation
GBPJPY’s immediate price action is trading towards liquidity pool with the .618 Fibonacci in confluence, allowing for a bearish bias.
The POC is the immediate objective; exceeding this level will lead to a deeper pull back.
Price action is to be used upon discretion/ management when executing this trade, invalidation is multiple candles closes below the POC.
Hope this analysis helps, thank you for following my work and remember,
“Never let a win go to your head, or a loss to your heart.” – Chuck D.
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Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.