GBPJPY Technical Analysis and Trading Strategy.
After a bullish surge, a bull flag has emerged, indicating a distribution phase. Our strategy involves patiently anticipating a breakout above both the resistance level and the upper boundary of the bull flag. Once this occurs, entry confirmation relies on a robust impulsive bull candle, followed by the implementation of our confirmation strategy. To manage risk, we plan to trail the stop-loss after observing some initial upward movement, aiming to reach the take profit (TP) area if conditions allow.
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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.