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Gbpjpycorrection

GBPJPY FORMING RISING WEDGE 13/10/2021GBPJPY h1 potentially forming rising wedge reversal pattern, due to stochastic time frame h1 has been at the overbought level, gbpjpy maybe there will be a price correction before continuing the bullish trend , time to do take profit action for a short term buyers???
Short
by Rudixiv
Updated
33
Upcoming correction aheadWe have a very beautifully market constellation. The price reached the 1,618 extension of the privious bearish leg. The 0,382 retracement of the current bullish leg is exactly the previous leg. Thus, I look for a confirmation of a upcoming correction to go short. Taking RSI into consideration, it shows divergence already. What do you think? Your Likes much appreciated.
by John_Boba
Updated

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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