At this moment GBPJPY is at the sell zone, having that said on the 1-hourly chart(left) the market has breakout towards the upside of the consolidation pattern, the pennant which happens to be 1 of my favorite setup.
If the market breakout to the upside where is it most likely to go? The tip of the sell zone and the bearish shark entry price.
What's your trade plan on this? Comment down below.
Personally, I'm going to wait for a retracement on the 1-hourly chart(left) back into the buy zone and with for RSI Divergence for a long opportunity.
If the market breakout to the upside where is it most likely to go? The tip of the sell zone and the bearish shark entry price.
What's your trade plan on this? Comment down below.
Personally, I'm going to wait for a retracement on the 1-hourly chart(left) back into the buy zone and with for RSI Divergence for a long opportunity.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Related publications
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.