GBPJPY: Key Level Ahead!!! What To DO:
GBPJPY is close to a key daily structure.
pay attention to how the price is contracting on 4H.
it is just coiling in a rising wedge pattern showing the local bullish exhaustion!
our trading plan is the following:
let's wait for a bearish breakout of its support and sell the pair.
Target levels will be: 130.660 / 127.1
stop will be above the higher high within the wedge!
Attention here: I don't say that the market will just drop,
we need a breakout condition to be met before shorting!
please, support the idea with like and comment!
thank you!
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.