GBPJPY Breakout
Price has broken down through support level of focus for this year. Price has retraced and is testing what was support, now resistance. On the daily chart, the previous day we can see price traded through and closed below resistance, leaving a nice bearish continuation candle. Price is also testing centre median line of pitchfork formation.
Stop set above 0.236
Target above 0.50
Waiting for price to respect resistance and fall away into my stop entry order.
Stop set above 0.236
Target above 0.50
Waiting for price to respect resistance and fall away into my stop entry order.
Note
Trade Idea invalidated... the bullish JPY I think has had its run
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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.