UnknownUnicorn3817558

GBPJPY_4th Week of Sept 2021

FX:GBPJPY   Paun British / Yen Jepun
Last week we have price reject from the weekly support and closed with long wick candle signaling us with bullish pressure. However it doesn't aligned with Daily TF as the price closed last Friday with Doji candle at Daily resistant level giving us bearish bias. We need to see more development of the price and which breakout direction it is likely to happen so we can trade with the major trend

Step 1:
Waiting for the price to break either above or below trendline depending the direction of the market

Step 2:
Confirm the price to make HL & LL / HH & LH structure (best to look for price to pullback after breakout happen)

Step 3:
Entry point after 2 items above has fully satisfied with SL above the highest/lowest level depending the direction of the market. Use any indicator that suits you

* We may consider the price may retest the next level
Penafian

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