Breaking down GBPJPY i was able to observe a wedging effect to take place under some extended ranging or consolidation time.
I am expecting a bullish breakout to the upside.
My illustration describes what we observed. And how the pair may play out.
I am considering some Orders. That i will later add in the comments.
I am expecting a bullish breakout to the upside.
My illustration describes what we observed. And how the pair may play out.
I am considering some Orders. That i will later add in the comments.
Note
Still developing. Structure respected 138.585Note
Structure still respected. Price bought back into execution zone. Awaiting till later today to find entry. Will provide coordinates.Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.