The GBPJPY pair was rejected on May 2nd on Resistance (1), a level holding since October 31st 2022.
The pattern is a Rising Megaphone and the rejection was on its top, indicating a significant downside potential.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 164.500 (the MA200 (1d)).
Tips:
1. RSI (1d) being under its MA line is an early bearish signal, same as in March.
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Notes:
Past trading plan:
The pattern is a Rising Megaphone and the rejection was on its top, indicating a significant downside potential.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 164.500 (the MA200 (1d)).
Tips:
1. RSI (1d) being under its MA line is an early bearish signal, same as in March.
Please like, follow and comment!!
Notes:
Past trading plan:
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Also doing account management, earn +15% monthly profit!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.