One more instrument that we covered on a today's live stream is GBPJPY.
The market nicely retraced to a solid horizontal support.
On that, the price formed a double bottom formation.
Watch 162.655 - 162.919 horizontal neckline to buy with a confirmation.
You need an hourly candle close above that to confirm a breakout.
Then a bullish continuation will be expected to 164.16 / 165.053 levels.
If the price sets a new low, the setup will be invalid.
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Note
The direction is long not shortmy fault
Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.