Economies.com provides the latest technical analysis of the GBP/JPY (British Pound Sterling/Yen). You may find the analysis on a daily basis with forecasts for the global daily trend. You may also find live updates around the clock if any major changes occur in the currency pair.
This time its not for me! Last time it was for me and all just went to comment there lol. OBSERVE THIS WAI AND WATCH. DONT BLAME if it gets to the red one.
? **Trend Analysis** ? The stock is currently in a **downward channel**, as evident from the trendlines sloping downward. ? The price is near the lower boundary of the channel, suggesting the potential for a **bounceback** if support holds. ? **Key Levels** ? **Support Level:** ₹985 This level has been tested multiple times in 2024, showing strong buyer interest. ? **Resistance Level:** ₹1,085 The price has struggled to break past this level recently, making it a strong resistance zone. ⚠️ **Immediate short term Support:** ₹985 The price is hovering near this area, and a breach could indicate further downside. ? **Volume Analysis** ? Volume spikes have coincided with significant price movements, especially during reversals. ? Currently, volume seems lower, suggesting a lack of strong buying or selling pressure. ? **Outlook & Strategy** ? If the price holds above ₹985, **bullish opportunities** may emerge, targeting ₹1,085 ? A breakdown below₹985 could lead to a test of lower levels near ₹950. final support for the stock 915 ✨ **Takeaway** ?♂️ Patience is key! Wait for confirmation signals before entering a trade. Look, im not a stock market professional. Just sharing for my own purpose, not yours.
Trade Details: Entry: $1.80 (Current price breakout level) Stop Loss (SL): $1.54 (Support below the consolidation zone) Target 1 (T1): $2.07 (Previous resistance level) Target 2 (T2): $2.52 (Major resistance zone above
Closer look at the method I use to identify entry. I will tend to buy a small amount with no stop loss on the candle i think will get closest to the bottom trendline, wait to see if next candle confirms uptrend, and then buy the majority of the order there with some left over to throw in as the price action is certain to move up from the channel. Ill set my stop loss during any time the price action slows and mix market and limit orders depending on how quickly its moving. Use the fib channel levels to determine limit prices as well as stop loss levels. So far $16-$30 of variance is a good idea for anything that requires reliability if trading perps using 1-5min charts(this one is 15m).
Trade Setup Entry: Around $11.75 (current price) Stop Loss (SL): Above $12.46 (red zone to manage risk) Target 1 (T1): $11.07 (mid-level support zone) Target 2 (T2): $10.29 (lower support zone)
Pretty simple follow the arrows its a reposted idea of mine so slow much wow and much good for you to follow.
This setup expects the price to move according to my previous 4H analysis, and we are rising up on the right shoulder of a bearish H+S on the way to ~98k. Pink lines define the buy zone uptrend. There should be final accumulation/consolidation around 95.2 as the next bullish move after that is going to be trying to punch thru 96k into the bear accumulation territory. Watch carefully to ensure theres no funny business when 96K comes around and also if price action is congruent to the rising wedge implied in the chart drawings(until $95200). Buy between the pink lines and anticipate closing at any of the fib levels above 97k. So far my entries within the buy zone did alright with 30x leverage with tight stops well inside the zone.
I live stream my trading sessions between 09:30am - 11:00am NY local time in my discord community. Checkout my profile for Link.
Auf manchen Straßen kracht es immer wieder. Wir hören häufig von den gleichen Orten in den Verkehrsnachrichten und wissen, wo wir bei uns in der Gegend aufpassen müssen. Wie sieht es in Bremen aus?