Hello guys I had done this analysis which in taking 1h support at trendline and its giving good opportunity to go lone with minimum sl at below support and also please do your own analysis before taking any trade if you like my analysis please like share and do follow for more analysis
ORDER PRICE 154.90
Analysis based on Monthly chart. So need patience and for positional trade only
If Stop Loss hit must Exit as the trend going to Change on Monthly
Idea is based on Resistance Level, Not a reversal confirmation Trade.
Those who wish to take more high probability trade can wait for reversal Candle...
". There is still a possibility of temporary retracement to suggested resistance line (151.07).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. GBPJPY is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a...
Hello Traders, here is the full analysis for this pair.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in GBPJPY .
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it,...
. There is a possibility of temporary retracement to suggested resistance line (150.35).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
. GBPJPY is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...