It appears short term traders took their profits on Friday. That would create just the downside move that later turned into a great pinbar as traders with longer-term perspectives bought out at a discount.
►I expect another attempt on 135.4
►Next in line are 200 MAs
Trading GBPJPY could be nice next week. Longs preferably, but shorts on highlighted levels on low timeframes is also viable.
►I expect another attempt on 135.4
►Next in line are 200 MAs
Trading GBPJPY could be nice next week. Longs preferably, but shorts on highlighted levels on low timeframes is also viable.
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Related publications
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.