GBPJPY closing on a major supply, while also reaching the top of an ongoing channel with a low volume rally. Would be easy to turn around and might offer a great short setup.
Previous supply got broken with the current mark up, so these often turn into support. So a great target to set for short position.
Might wanna observe price behavior and signs of a reversal before entering the short.
Previous supply got broken with the current mark up, so these often turn into support. So a great target to set for short position.
Might wanna observe price behavior and signs of a reversal before entering the short.
Trade closed: stop reached
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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.