GBP/JPY REVERSAL !
Hello Traders, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GBP/JPY, as we clearly see price is overall bullish from a short-term perspective
However, price is now approaching a strong resistance zone from daily time frame
So, for the bears to take over we need a break below then major swing low and invalidating the trendline
Then we will be speculating a new bearish movement on GBP/JPY
Unless as usual bulls managed to break above the resistance then this scenario will be no longer valid
And as usual follow your trading plan and manage your risk.
Don't forget to support with like and follow if you like the content
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
GBP/JPY, as we clearly see price is overall bullish from a short-term perspective
However, price is now approaching a strong resistance zone from daily time frame
So, for the bears to take over we need a break below then major swing low and invalidating the trendline
Then we will be speculating a new bearish movement on GBP/JPY
Unless as usual bulls managed to break above the resistance then this scenario will be no longer valid
And as usual follow your trading plan and manage your risk.
Don't forget to support with like and follow if you like the content
Be patient and good luck!
Note
t.me/Snipers_F_x
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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.