TradingBrokersView

GBPJPY Turning bearish until the end of the year

Singkat
FX_IDC:GBPJPY   Paun British / Yen Jepun
The GBPJPY pair crossed under the MA50 (1d) again and is approaching the MA100 (1d).
We have a Rising Resistance peak pattern, which is very much like that of May 2021. In fact the whole fractal since its begining (2021) is very similar to today's (since 2023).
This most likely turns the pair bearish inside a Megaphone for the remainder of the year.

Trading Plan:
1. Sell every rise to the top (dashed line) of the Megaphone.

Targets:
1. Lower Lows until the price hits the MA200 (1d).

Tips:
1. The RSI (1d) also shows high symmetry between the fractals. It peaked on the first Higher High of the Rising Resistance, breached the MA50 (1d) when the RSI was near 40.00 and made the second Higher High (and peak) around the 70.00 mark.

Please like, follow and comment!!

Notes:
Past trading plan:


Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉

Also doing account management, earn +15% monthly profit!

👉CONTACT: t.me/tradingbrokersview

Stop gambling with your trades! 🎰
Start being profitable! 💰
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.