GBPJPY Triangle pushing higher.
GBPJPY is trading inside a Triangle pattern with the price starting a rebound yesterday on its bottom.
A crossing over the MA200 (4h) confirms the bullish extension.
The previous bullish wave surpassed the 0.786 Fibonacci to price a High at the top.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 196.900 (0.786 Fib).
Tips:
1. The RSI (4h) is on the exact same levels as December 4th. That was also at the start of the previous bullish wave.
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A crossing over the MA200 (4h) confirms the bullish extension.
The previous bullish wave surpassed the 0.786 Fibonacci to price a High at the top.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 196.900 (0.786 Fib).
Tips:
1. The RSI (4h) is on the exact same levels as December 4th. That was also at the start of the previous bullish wave.
Please like, follow and comment!!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.