Which pairs are you selling and why?

Limit reselling pound jpy in 150 and possibly 149. Both figures cozy by 4 hour 20 SMA; maintaining the higher sell in spite of the negative swap. The pair begins its annual down after April till year's end, December.

Hi! It has been some time.

Stay green.

KP

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Originally Posted by ;

Limit spending pound jpy at 150 and possibly 149. Both figures snug by 4 hour 20 SMA; maintaining the greater sell in spite of the adverse swap. The pair begins its annual down after April till year's end, December.

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There is a rejection on 4H chart for UsdJpy.

The 1.81750 area on the GBPAUD will attract my attention to get a market trading chance if price action gets there. It is in confluence using a resistance zone on the daily time frame and also the 38.2 Fib retracement of the most recent downward swing on the daily time frame.

I may be incorrect. Trade safe and prosper.

KP

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Originally Posted by ;

I have been bearish on GBPAUD for a long time and still am. On the daily time frame, price action is working within an Icelandic station (navy) but has become markedly southward from the midline (magenta). The bearish continuation candlestick formed last week Friday breached the station support. Price action is currently loed around a minor horizontal support. But the order flow context favours the bears and we may expect them to target the horizontal support round the 1.77290 region. KP image

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Price action is now entering the 1.81750 region and if a bearish rejection candlestick is printed on the H4 time frame, which will get me interested in a market trade. It's very likely to be a flip of the zone and a retest of the broken previous channel assistance of the horizontal channel/area of consolidation which was place for quite a while on the daily time period.

KP

Quote:

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Originally Posted by ;

The 1.81750 area on the GBPAUD will draw my interest for a market trading chance if price action gets there. It's in confluence with a resistance zone on the daily time period and also the 38.2 Fib retracement of the latest downward swing on the daily time period. I may be wrong. Trade secure and thrive. KP quote

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See attached D1 chart; area of previous flat consolidation is obligated by magenta horizontal lines.

KP

https://forexintuitive.com/attachmen...1844985310.jpg

Quote:

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Originally Posted by ;

Price action is presently entering the 1.81750 place and if a bearish rejection candlestick is printed on the H4 time frame, that will get me thinking about a market. It is very likely to be a reverse of this zone and a retest of this broken previous channel support of this flat channel/area of consolidation that was n loion for quite a while on the daily time frame. KP quote

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