There's enough geometry going on here for me to have long positions on GBPJPY.
Buy limit entries at 131.83
Target profits at 134.45, 137.05 and 139.74
Tight but breathable SLs around 130.50
1)The 1x1 meets the third eighth of time where the latter meets the third eighth of price.
2) The 3x1 meets the 4th eighth/50 retracement at the 50 fib angle.
3) The 2x1 meets the 75 fib angle at the 6th eighth
I don't see nearly as many synchronicities going short of 131.80.
Please do your own analysis on this if you trade GBPJPY, including fundamentals.
Feedback very welcome
Buy limit entries at 131.83
Target profits at 134.45, 137.05 and 139.74
Tight but breathable SLs around 130.50
1)The 1x1 meets the third eighth of time where the latter meets the third eighth of price.
2) The 3x1 meets the 4th eighth/50 retracement at the 50 fib angle.
3) The 2x1 meets the 75 fib angle at the 6th eighth
I don't see nearly as many synchronicities going short of 131.80.
Please do your own analysis on this if you trade GBPJPY, including fundamentals.
Feedback very welcome
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