GBPJPY - Potential Bearish Reversal!
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As per my last analysis, GBPJPY is approaching a strong resistance area in green so we will be looking for sell setups
M30: GBPJPY is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing.
Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone)
Meanwhile, until the buy is activated, GBPJPY would be overall bullish can still trade higher inside the green resistance.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
As per my last analysis, GBPJPY is approaching a strong resistance area in green so we will be looking for sell setups
M30: GBPJPY is forming a channel in red but the lower trendline is not valid yet, so we are waiting for a new swing low to form around it to consider it our trigger swing.
Trigger => Waiting for that swing low to form and then sell after a momentum candle close below it (gray zone)
Meanwhile, until the buy is activated, GBPJPY would be overall bullish can still trade higher inside the green resistance.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
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t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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