GBPJPY 30min Analysis February 10th, 2021
Trade Scenario 1: Bullish - For us to go long we want to see price find support at our key weekly level of 144.580. We will wait for consolidation then enter on strong bullish setups off the weekly. First targeting previous highs around 144.900
Trade Scenario 2: Bearish - For us to go short we want to see price fall below our key weekly level. We will then wait for a retrace and for 144.580 to flip as resistance. Enter on strong bearish setups, first targeting previous structure zone of 144.100
Trade Scenario 2: Bearish - For us to go short we want to see price fall below our key weekly level. We will then wait for a retrace and for 144.580 to flip as resistance. Enter on strong bearish setups, first targeting previous structure zone of 144.100
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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.