GBPJPY 30min Analysis March 10th, 2021
Trade Scenario 1: Bullish - For us to go long we need to see price break above 151.200. We will then wait for a retrace and for 151.200 to act as support. Enter on strong bullish setups, firs targeting 151.600
Trade Scenario 2: Bearish - For us to go short we want to see price reject off our point of control at 151.100. We will enter short on strong bearish engulfing off this level, first targeting 150.700.
Trade Scenario 2: Bearish - For us to go short we want to see price reject off our point of control at 151.100. We will enter short on strong bearish engulfing off this level, first targeting 150.700.
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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.