Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Friday, December 25, 2020
GBP/JPY
GBP/JPY 30-Nov-22:00 -> 24-Dec-22:00
Target Level: 142.0651
SL:
(A)
136.9735
Last TP of Rectangle
Target Period: 3 days
Interval
4 hour
Pattern
Rectangle
Length
65 Candles
Identified
24-Dec-10:00
Rectangle has broken through the resistance line at 24-Dec-10:00. Possible bullish price movement forecast for the next 3 days towards 142.0651. Supported by Upward sloping Moving Average
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