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Fibi_Trader

GBPJPY Trade Idea

Long
British Pound / Japanese Yen (FX:GBPJPY)  
Fibi_Trader Updated   
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis
2
0
trendanalysis
snapshot

This trade idea is purely based on support resistance and price action. Back to basic I guess. Looking at chart, I believe market will make retracement downside before rebound to the upside.

Now waiting price action that happen at key support before enter position.

Happy trading guys.
Comment:
Seems that price already trading to he upside and broke the resistance. However body candle showing decreasing volatility and price are in indecision position. Will wait for next candle.
Comment:
Good time to buy now as price are making swing low. Traders who applied swing trading should buy at swing low in uptrend, and selling at swing high in downtrend.
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