DeGRAM | GBPJPY retest of dynamic support
GBPJPY is in a descending channel between the trend lines.
The price is moving from the upper boundary of the channel, but it has already reached the dynamic support, which previously acted as a rebound point.
On the 1W Timeframe, the chart is in the accumulation zone, which is characterized by the fact that volumes have increased and the pair is held in a certain trading zone.
Before reaching the lower trend line, a harmonic pattern was formed, the potential of movement of which held under the 50% retracement level.
We expect price growth after fixing above the mentioned retracement level.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
The price is moving from the upper boundary of the channel, but it has already reached the dynamic support, which previously acted as a rebound point.
On the 1W Timeframe, the chart is in the accumulation zone, which is characterized by the fact that volumes have increased and the pair is held in a certain trading zone.
Before reaching the lower trend line, a harmonic pattern was formed, the potential of movement of which held under the 50% retracement level.
We expect price growth after fixing above the mentioned retracement level.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
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bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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.
🚀TOP 1 broker🚀
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
bit.ly/3spSQqC
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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.