GBPJPY Technical Analysis 8 October 2019 - Hallo Dear, elisa-head.blogspot.com, This article that you read this time with the title GBPJPY Technical Analysis 8 October 2019, We have prepared this article well for you to read and retrieve the information in it. hopefully the contents of
this article Analisa,
this article Analisa Teknikal Forex,
this article Forex,
this article GBPJPY,
this article pair,
this article pounds,
this article Teknikal,
this article Yen, we write can be understood by you. Alright, happy reading.
Title : GBPJPY Technical Analysis 8 October 2019
link : GBPJPY Technical Analysis 8 October 2019
GBPJPY Technical Analysis 8 October 2019
[ad_1]
Forex Analysis- Technically, I see this GBPJPY pair has entered a price position which is still worthy of its entry point.
Let's look at the following GBPJPY 1 Hour Time Frame chart image before we analyze:
Let's analyze using Price Action analysis (Trader Pressure). In a market trend, GBPJPY is still in a Bearish / Downtrend, but we also have to anticipate a trend reversal if the price breaks the Resistance area above and also consolidates prices.
In the candle history, we can look for Sell entry opportunities because the long term is still in the Downtrend effect, but to be more objective, I will present an analysis for buy or sell entries.
If we look at the chart above, the Seller pressure (long red candle) slowly lowers the price without being able to be counteracted by the Buyer pressure (long green candle) and forms a Lower high.
This indicates that sellers still dominate the formation of certain price levels. However, buy opportunities can still be found in this GBPJPY pair.
In the picture, I determine the Resistance Area through two lines above the price (132.47 - 132.35) for the Support area, we can see through the two lines below the price (131.62 - 131.51).
Following my entry setup options, can use to adjust your trading style.
Setup entry for breakout opportunity,
if the price of the 1 hour close candle breaks the Upper Limit of the Resistance Area (132.47), then get ready to find the best Entry buy position.
If the price of the 1 hour close candle breaks the Lower Support Area (131.51), then get ready to look for the best Entry sell position.
Cut Loss if the price of 1 Hour Close Candle is below the lower Limit of the Resistance Area (<132.35) untuk entry buy, dan di atas Batas Atas Support Area (>131.62) for sell sell. And do a minimum risk ratio of 1: 1.
And Pullback Setup for SELL position:
Pullback area uses the support area, if the price of 1 Hour Close Candle is in the pullback area, you can take Sell positions and do a Loss Loss if the price of 1 Hour Close Candle is above the upper limit of the Pullback area (> 132.47). Use a minimum risk ratio of 1: 1 according to the way you trade.
And Setup Pullback to BUY position:
Pullback area uses the resistance area, if the price of 1 Hour Close Candle is in the pullback area, you can take a Buy position and do a Cut Loss if the price of a 1 Hour Close Candle is below the lower limit of the Pullback area (<131.51). Use a minimum risk ratio of 1: 1 according to the way you trade.
Keep using good money management in every entry for the continuation of healthy trading, and stay alert for Fake Breakout Candle.
Hopefully this article can be your reference in analyzing the market.
Happy Trading all.
Note: Price differences can occur in the broker that I use, with the broker that the reader uses. Please research first. thanks
[ad_2]
Thus the article GBPJPY Technical Analysis 8 October 2019
You are now reading the article GBPJPY Technical Analysis 8 October 2019 with the link address https://elisa-head.blogspot.com/2019/10/gbpjpy-technical-analysis-8-october-2019_8.html