Trade plan 28 September 2016

GBPJPY Daily

-Daily chart Price Action Price failed to break through the 129.500 psyc level forming a descending triangle followed by lower highs which is an indication of a possible break through in the downside Stochastic is currently oversold Market The 55 and 21 Moving average indicate a strong bearish market

GBPJPY H4

-H4 chart Price Action Price has complete a full harmonic patten which confirms future bullish movement with a bounce off weekly support WS1 Stochastic is heading to the overbought zone Market The consist of a great angle of separation between the 55 and 21 moving averages which confirms the bearish trend

GBPJPY H1

-H1 chart Price Action Price bounced off the daily pivot point DPP and is currently at DM2 Market The 55 and 21 Moving average cross has occur indicating a bullish market forming Planned Entry >Planned entry for Pound bulls Looking for a pull back on the H1 chart to the 130.500 psyc support level with a role reversal on the M15/M5 >Planned entry for Yen Pip domination Bears >Patiently waiting for price to get to the 135.000 psyc levels than aggressively sell

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