GBPJPY is ready to reverse?
GBPJPY / 4H
Hello traders, welcome to another market breakdown.
GBPJPY has been trading in a bullish trend, the price showed signs of reversal when the news about Russia attacking Ukrain was released.
Based on current price action, I expect 2 scenarios where I'll be watching over for next's week watchlist:
scenario 1: The price goes back to trade inside the rising channel, in this case, I'll be looking for an engulfing bar to get on.
scenario 2: The price takes the low and pulls back for a test before breaking down, in this case, I'll be looking to get in a short position targeting some important key levels.
Trade safe,
trader Leo.
Hello traders, welcome to another market breakdown.
GBPJPY has been trading in a bullish trend, the price showed signs of reversal when the news about Russia attacking Ukrain was released.
Based on current price action, I expect 2 scenarios where I'll be watching over for next's week watchlist:
scenario 1: The price goes back to trade inside the rising channel, in this case, I'll be looking for an engulfing bar to get on.
scenario 2: The price takes the low and pulls back for a test before breaking down, in this case, I'll be looking to get in a short position targeting some important key levels.
Trade safe,
trader Leo.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.