GBPJPY - BULLISH HAMMER IN OVERSOLD CONDITIONS
Hello Traders,
A potential reversal might be setting up on the high volatility pair #GBPJPY as the market is showing early signs of exhaustion. Before doing anything wait for bullish conformation, such as a bullish Engulfing Signal and/or a clear close above the T-Line. The T-Line (or Trigger Line) is the 8 exponential moving average which is the BLACK line on the chart.
If you are interested in learning more about this approach of trading you can visit this link: youtu.be/1fB3EF7XeXU
Good Luck and Happy Trading :)
A potential reversal might be setting up on the high volatility pair #GBPJPY as the market is showing early signs of exhaustion. Before doing anything wait for bullish conformation, such as a bullish Engulfing Signal and/or a clear close above the T-Line. The T-Line (or Trigger Line) is the 8 exponential moving average which is the BLACK line on the chart.
If you are interested in learning more about this approach of trading you can visit this link: youtu.be/1fB3EF7XeXU
Good Luck and Happy Trading :)