British Pound / Japanese YenUpdated GPBJPY still on the bullish channel.
1. Price is retesting the strong resistance.
2. Price on the correcting move.
3. Price still on the bullish channel and also closed rejecting it on the daily timeframe also as an engulfing.
4. Price respecting market strucutre.
If price break the bullish channel, and break the market structure we can easily take short trade.
But if price continuing the bullish trend, and go up and break the corrective channel, we following the original trend.
2. Price on the correcting move.
3. Price still on the bullish channel and also closed rejecting it on the daily timeframe also as an engulfing.
4. Price respecting market strucutre.
If price break the bullish channel, and break the market structure we can easily take short trade.
But if price continuing the bullish trend, and go up and break the corrective channel, we following the original trend.
Note
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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.