GBPJPY has broken above a descending trend line on the 4H chart & below.
Scoping down to the 15m chart we can see price clearly respecting the trend line/support area with rejections to the downside.
Aggressive entries would be taken at current market price. For a safer entry, we would look to go long upon a break of the 147.250 area.
Manage your risk professionally when trading this setup.
Scoping down to the 15m chart we can see price clearly respecting the trend line/support area with rejections to the downside.
Aggressive entries would be taken at current market price. For a safer entry, we would look to go long upon a break of the 147.250 area.
Manage your risk professionally when trading this setup.
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.