GBPJPY - Long
Price is at a support zone, but it can either go up from there or retrace, wait until it reaches the down channel trend line which is at 147.650.
Note
Update: We can see that price actually hit the entry price and tried to break 0.236 level but failed to break out, I didn't close out my trade because this pair is still bound to rise.
It's at major support levels, now price is currently at another support zone price has been making a lot of drawbacks which is good! This may be the move we've been waiting for!
It was either that, or price was going to hit 147.500 then work it's way up again, regardless stay on this trade!
Trade closed: target reached
Target 1 HITTrade closed: target reached
Target 2 HIT
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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.