GBPJPY is trading on a Channel Up but has turne sideways recently, indicating a potential top.
The last major formation has been a Death Cross (1d) and last time we had one was on January 17 2023.
The similarities between the two patterns are strong.
The MA200 (1d) is holding for now, if it breaks it will be the sell trigger for the trade.
Trading Plan:
1. Sell if the MA200 (1d) breaks.
Targets:
1. 188.600 (above the 0.786 Fib).
Tips:
1. The RSI (1d) is also trading inside a Channel Up and also portrays similar attributes as the 2023 fractal.
Please like, follow and comment!!
The last major formation has been a Death Cross (1d) and last time we had one was on January 17 2023.
The similarities between the two patterns are strong.
The MA200 (1d) is holding for now, if it breaks it will be the sell trigger for the trade.
Trading Plan:
1. Sell if the MA200 (1d) breaks.
Targets:
1. 188.600 (above the 0.786 Fib).
Tips:
1. The RSI (1d) is also trading inside a Channel Up and also portrays similar attributes as the 2023 fractal.
Please like, follow and comment!!
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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.