GBPJPY is in a clear uptrend and within this trend price is at an interesting trendline. If price bounces of this level we get a great risk-reward setup.
If it doesn’t happen price can go lower and an entry around the channel trendline on the daily chart will be an even better entry.
I’m LONG on GBPJPY!
If it doesn’t happen price can go lower and an entry around the channel trendline on the daily chart will be an even better entry.
I’m LONG on GBPJPY!
Note
GBP took a beating at the end of the week so this setup needs more time. Looking for entries once price stops falling. Watch the GBP "not-rate-hike-anymore" closely.Order cancelled
Wait for a better price around the weekly trendline
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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.
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.