Hi everyone:
Looks like we might get a long trade opportunity on GBPJPY in the up coming days. WE can see that the 4 hr chart has broken out of the resistance trend line, and made a new high. If the price action can pullback and form a higher low, it would be a nice risk:reward entry up to the next resistance area.
Wait for a nice rejection, confirming the higher low and trend change before entering the long position.
Thank you for your support and feedback.
Looks like we might get a long trade opportunity on GBPJPY in the up coming days. WE can see that the 4 hr chart has broken out of the resistance trend line, and made a new high. If the price action can pullback and form a higher low, it would be a nice risk:reward entry up to the next resistance area.
Wait for a nice rejection, confirming the higher low and trend change before entering the long position.
Thank you for your support and feedback.
Note
Here is the daily chart:Note
no rejection yet, so no entry15:00 GMT
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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.