Potential GBPJPY Short

10 lis 2020

IT looks like a messy H&S pattern potentially. With a crazy rally over the last 24 hours, it could be setting up for an almighty drop. The Covid Vaccine is a few months away & other companies fell over at the next stages. UK still has Brexit to look forward to, Biden is pro Euro. So a few potential pitfalls for the UK. I think the rally was 100% down to selling off of the Yen and not buying of the Pound.

Let's see - leave comments and thoughts below.


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20 lis 2020

Uwaga

24 lis 2020

Uwaga

Potential double top forming. The price is running out of steam from the looks of it.

26 lis 2020

Uwaga

looking at the Delta Turning points on this pair - next date Sunday and then into Jan (main dates) tradingview.com/chart/svYCMedY/

27 lis 2020

Uwaga

this could have a nasty spike up from here to collect liquidity.

27 lis 2020

Uwaga

Retail sentiment about 73% short. So it needs to pop up to drop down. I would be very surprised if it just takes a drop from here. 139.00 level