Sunday, 11 March 2018

Analysis of The Market - GBPJPY (11th March 2018)

Bismillah.
Salam and Good Evening.

Hope everyone is able to have a good rest!

Im just gonna make it short.

As we know,
1.Weekly closed below BB line which indicates Momentum Sell

This is going to be tricky too.
2. H4 candle closed ABOVE BB line which indicates Momentum Buy.

TimeFrame H1













1. Why Bullish?
a. H4 closed above BB Line.
b. Price moved above TP2.

2. Why Bearish?
1. If H1 manage to break CB1 for a pullback or continues UP

Hence the 1 - 2 movement or the ABC movement.

Let's see what do they have for us tomorrow :)

Jazakallah! Alhamdulillah

SalamTrader

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