GBP/JPY - Potential Long
- Price consolidating between two key levels, resistance has been tested and rejected 3 times.
- Strong bearish pushdown, followed by 4 clear rejection wick candles on the 4hr timeframe, looking for a correction to the upside to retest the strong resistance.
- Waiting on 4hr close, break of the previous high on 15m before and entry to go long, alert set for entry.
- Strong bearish pushdown, followed by 4 clear rejection wick candles on the 4hr timeframe, looking for a correction to the upside to retest the strong resistance.
- Waiting on 4hr close, break of the previous high on 15m before and entry to go long, alert set for entry.
Note
I'm in this trade - 1:5 RREntry: 150.850
TP: 152.066
SL: 150.545
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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.