Pull back! SELL Now!
80+ pips on GJ
GBPJPY has made a clean red candle below the support. Now that GJ has retested support and rejected it with a nice red candle we can take sell entries. Watch as GJ is near the weekly resistance. This zone has also been confirmed, so we can see a rejection to test previous support areas
tp 1: 4hr and daily support
tp 2: 3.82 fib
tp 3: D1 support, if GJ breaks below this area look to continue selling
*stop loss can be increased. please use proper risk to reward
80+ pips on GJ
GBPJPY has made a clean red candle below the support. Now that GJ has retested support and rejected it with a nice red candle we can take sell entries. Watch as GJ is near the weekly resistance. This zone has also been confirmed, so we can see a rejection to test previous support areas
tp 1: 4hr and daily support
tp 2: 3.82 fib
tp 3: D1 support, if GJ breaks below this area look to continue selling
*stop loss can be increased. please use proper risk to reward
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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.
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.