hi whats up yall our current gbpjpy short idea is working out amazingly. this analysis is a long term idea and it is in a neutral state. in all honesty im seeing up move being strong to the bearish OB above 200. it has a lot of fractal resistance points(all the red lines) the yellow lines are the big 618 and 70% fib levels. on the chart i left the fib extension and fib retracement level. basically im looking for a rejection of the 618 to continue down. and would only hold a short if it goes below the start of the fib. i would continue long to the bearish block if price continues upwards. again if gj repeats past the down move will be more insane than the up trend so id be more biased to that. especially with weak dollar fear if trump remains in office.
i would be interested in other analysis to this. specifically if someone has wave theory.
i would be interested in other analysis to this. specifically if someone has wave theory.