I will show gbp/jpy in a bitt
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DislikedWhat i see is that price is coming up against major resistance such as the red fibbs...these fibbs are the over all trend...
Second price is below the river=bearish sentiment....
as we can see price is bouncing of blue fibbs 38.2 blue ....but its having major resistance from green fibbs and ( RED FIBBS)for me to start thinking bullish i whant price to leave that circle....
You see i rather trade bearish since its the major trend....and second i dont care if i miss the trade going bullish since it has less proababilties...i only like to enter trades with high proababilities.....In other words the trends is my freind...When it get to the green fibbs or red ones
I do trade B to C untill we get near the trend fib such as 38.2
I do all my charting on 1 hour chart....
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Now i will explainng GBP/USD and how i see it and plan trading it next weekIgnored
DislikedChart 2....
This is how i know who is winning the battle...
Between bears and bulls...
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NEXT POST WILL EXPLAIN WHAT I SEE.Ignored
DislikedYour charts are very good, but if you can indicate prices/levels to enter for a particular chart using a yellow indicator as well as show the projected target to take profit will be very helpful. Also would appreciate your analysis on gbp/chf and what is the way to trade the pair whether it is to short it or long it and also the possible entry and exit levels. Thanks a lotIgnored
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