GBPJPY LONG
This is a long trade anticipation idea.. as you know the traditional price action theory 'Broken resistence turns to a support'
Price has retested this support area for the second time and if it holds it might create a key double bottom here and resume the bullish trend. However if it doesn't hold still our risk would be managed carefully. Target1 will be @ 158.222 and tp2 around 160.000
Let's see how the plan unfold.
Price has retested this support area for the second time and if it holds it might create a key double bottom here and resume the bullish trend. However if it doesn't hold still our risk would be managed carefully. Target1 will be @ 158.222 and tp2 around 160.000
Let's see how the plan unfold.
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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.