Hi everyone:
Looks like we might get a long trade opportunity on GBPJPY in the up coming days. WE can see that the 4 hr chart has broken out of the resistance trend line, and made a new high. If the price action can pullback and form a higher low, it would be a nice risk:reward entry up to the next resistance area.
Wait for a nice rejection, confirming the higher low and trend change before entering the long position.
Thank you for your support and feedback.
Looks like we might get a long trade opportunity on GBPJPY in the up coming days. WE can see that the 4 hr chart has broken out of the resistance trend line, and made a new high. If the price action can pullback and form a higher low, it would be a nice risk:reward entry up to the next resistance area.
Wait for a nice rejection, confirming the higher low and trend change before entering the long position.
Thank you for your support and feedback.
Comment:
Here is the daily chart:
Comment:
no rejection yet, so no entry
15:00 GMT
15:00 GMT
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