Trade plan for 6 October 2016

GBPJPYDaily

-Daily chart Price Action Price has currently bounced off the Monthly pivot point (MM2) entering the highly reversal zone, Price has also formed a descending triangle Stochastic was oversold and is currently at the 50% line heading to the overbought zone Market The 55 and 21 Moving average indicate and end in the bearish Market

GBPJPYH4

-H4 chart Price Action Price just got off the Weekly cluster pivot Point (WPP) forming a Ascending triangle, Price has also completed a Harmonic patten which indicates bullish market ahead Stochastic is currently at the overbought zone Market The 55 and 21 moving averages cross has occur which indicates a possible start of a bullish trend

GBPJPYH1

-H1 chart Price Action Price is currently at daily cluster pivot point (DPP), Price has also pulled back to the 38.2 fib zone and we will be looking for a 61.8 pullback Market The 55 and 21 Moving average cross has occur with a great angle of separation Planed Entry For all Pound bulls Looking for a breakthrough the 132.35400 psyc level for all pound bulls plus a pullback back to the psyc level Planed Entry For all Yen bears Looking for price to get to the 134.68 psyc level followed buy a double top or head and shoulder patten

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