Good Morning,
Spotted an ascending triangle via GBP/JPY, lower trend line is heavily respected. Waiting for another retest of the higher trend line (illustrated above). Should price retest, look for an opportunity to go short. 147.950 has been a historic resistance since November, expecting it to do so again. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely
Spotted an ascending triangle via GBP/JPY, lower trend line is heavily respected. Waiting for another retest of the higher trend line (illustrated above). Should price retest, look for an opportunity to go short. 147.950 has been a historic resistance since November, expecting it to do so again. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely
Note
Trade active
TP 1 reachedTrade closed: target reached
TP 2 ReachedTrade closed: target reached
TP 3 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.