GBPJPY Market Outlook: May 9th 2022
The market showing the end of 3rd wave and have a great chance to hikes in intraday timeframe as the 4th wave movement.
So, my best scenario would be:
Buy on weakness at 161.55
1st target 161.96
Ideal target 162.33
Put stop loss slightly below the red line (161.19)
Trade closed: target reached
Target 1 reached
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.
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.