GBPJPY ( BREAKOUT DEMAND ZONE ) ( 4H )
Updated
GBPJPY
HELLO TRADERS
TARGET LEVEL :
HELLO TRADERS
- Tendency , the price is under bearish pressure until trade below turning level .
- TURNING LEVEL : the price of turning level around 203.463 , indicates the price trade below this level reach a support level , but if trading this level reach a resistance level .
- RESISTANCE LEVEL (1) : around 205.601 , for reach this level will be breaking turning level .
- RESISTANCE LEVEL (2) : around 207.938 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
- SUPPORT LEVEL (1) : support level at 201.362 , for reach this level will be trading or stabilizing below turning level .
- SUPPORT LEVEL (2) : support level at 199.532 , for reach this level will be breaking by open 4h candle below support level (1) .
- CORRECTIVE LEVEL : the price retest before dropping at 203.463 .
TARGET LEVEL :
- RESISTANCE LEVEL : 205.601 , 207.938 .
- SUPPORT LEVEL : 201.362 , 199.532 .
Trade closed: target reached
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