GBPJPY 30min Analysis March 25th, 2021
Trade Scenario 1: Bullish - For us to go long we need to see price break above 150.150. We will then wait for a retrace and for 150.150 to act as support. Enter on strong bullish setups, first targeting 150.750.
Trade Scenario 2: Bearish - For us to go short we need to see price reject off 150.150. We can aggressively enter on the first strong rejection or wait for a double top and enter on the second rejection. Once short we will first target 149.100.
Trade Scenario 2: Bearish - For us to go short we need to see price reject off 150.150. We can aggressively enter on the first strong rejection or wait for a double top and enter on the second rejection. Once short we will first target 149.100.
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.
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.