GBPJPY Analysis - Buy 🔺⬆
Price created an descending channel and broke out of the channel and above the previous high. A retest was likely to occur and be respected in anticipation for momentum to continue up. Price also respected the 0.618 Fibonacci Long.
I will be changing my bias to sells if price breaks below the major support at around 151.335 and 151.217
Buy Entry @ 151.808
Stop Loss @ 151.553
Take Profit @ 152.483
RR ( 1 : 2.65 )
I will be changing my bias to sells if price breaks below the major support at around 151.335 and 151.217
Buy Entry @ 151.808
Stop Loss @ 151.553
Take Profit @ 152.483
RR ( 1 : 2.65 )
Trade active
Trade closed: stop reached
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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.
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.