Hello TradingView Family / Fellow Traders,
On Daily: Left Chart
GBPJPY has trading inside a range in the shape of a rising wedge pattern.
Currently, GBPJPY is approaching the upper bound of the wedge pattern so we will be looking for sell setups on lower timeframes.
On H4: Right Chart
📈 For the bears to take over, we need a momentum candle close below the last major lower in gray.
📉 Meanwhile, GBPJPY would be bullish short-term and can still trade higher to test the upper orange trendline again.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
On Daily: Left Chart
GBPJPY has trading inside a range in the shape of a rising wedge pattern.
Currently, GBPJPY is approaching the upper bound of the wedge pattern so we will be looking for sell setups on lower timeframes.
On H4: Right Chart
📈 For the bears to take over, we need a momentum candle close below the last major lower in gray.
📉 Meanwhile, GBPJPY would be bullish short-term and can still trade higher to test the upper orange trendline again.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.