GBPJPY LONG AND SHORT SETUP
GBPJPY CURRENTLY BATTLING WITH MAJOR RESISTANCE WHAT CAN HAPPEN IN FUTURE...????
REDLINE
IF THE VOLUME OF THE CANDLES ARE LOW THEN IT WILL FAIL TO BREAK THE RESISTANCE AND TURN AROUND @ 141.300 - @141.400
GO SHORT @ 141.300 WITH STOP LOSS @ 141.550
TAKE PROFIT 1 @ 140.800
TAKE PROFIT 2 @ 140.300
GREEN LINE
IF IT BREAKS THE TRENDLINE THEN IT CAN DOWNWARDS UPTO 138.500
YOU CAN GO LONG @ 138.500 WITH
STOP LOSS @ 138.300
TAKE PROFIT @ 139.500
AND ONCE IT REACH THE PREVIOUS SUPPORT NOW IT WILL ACT AS FRESH RESISTANCE THEN
GO SHORT @ 139.500 WITH STOP LOSS @ 139.800
TAKE PROFIT 1 @ 138.500
REDLINE
IF THE VOLUME OF THE CANDLES ARE LOW THEN IT WILL FAIL TO BREAK THE RESISTANCE AND TURN AROUND @ 141.300 - @141.400
GO SHORT @ 141.300 WITH STOP LOSS @ 141.550
TAKE PROFIT 1 @ 140.800
TAKE PROFIT 2 @ 140.300
GREEN LINE
IF IT BREAKS THE TRENDLINE THEN IT CAN DOWNWARDS UPTO 138.500
YOU CAN GO LONG @ 138.500 WITH
STOP LOSS @ 138.300
TAKE PROFIT @ 139.500
AND ONCE IT REACH THE PREVIOUS SUPPORT NOW IT WILL ACT AS FRESH RESISTANCE THEN
GO SHORT @ 139.500 WITH STOP LOSS @ 139.800
TAKE PROFIT 1 @ 138.500
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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.