GBPJPY Long - open range signal long
GBPJPY Long - open range signal long - is the green up triangle on the far right of the chart.
This might be a sideways consolidation with a further breakdown- if we cannot can gain ground back above current resistance around 170.70
Whatever happens in the future - currently the system is long... until its short. a red down triangle will appear in that case.
Note the daily range expanded to 150% before reversing and the reversal was the equivalent of a 100% range move... so lots of participation or ATR in the GBP pairs... but will they simply tail off from here?
The weekly and daily ranges are currently best for
GBPNZD
GBPAUD
GBPCAD
EURNZD
GBPAUD
GBPJPY
from last look - and so we can expect more action/ range expansion to come this week...
So this trade might be a nice gap filler kind of day/week....
These indicators are available in Charts > Indicators > Market Place Add-ons > MicroTrends
more details of the indicators can be found here: indicatorfactory.com/tradingview-indicators/
This might be a sideways consolidation with a further breakdown- if we cannot can gain ground back above current resistance around 170.70
Whatever happens in the future - currently the system is long... until its short. a red down triangle will appear in that case.
Note the daily range expanded to 150% before reversing and the reversal was the equivalent of a 100% range move... so lots of participation or ATR in the GBP pairs... but will they simply tail off from here?
The weekly and daily ranges are currently best for
GBPNZD
GBPAUD
GBPCAD
EURNZD
GBPAUD
GBPJPY
from last look - and so we can expect more action/ range expansion to come this week...
So this trade might be a nice gap filler kind of day/week....
These indicators are available in Charts > Indicators > Market Place Add-ons > MicroTrends
more details of the indicators can be found here: indicatorfactory.com/tradingview-indicators/
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