Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GBPJPY IMPULSE CORRECTION MOVEMENTS. 📚
👉As we can see price is still overall bullish trading inside this flat rising broadening wedge pattern, in a shape of impulse and correction movements.
👉Moreover, price is sitting around a strong round number 190 lining up with our upper bound of this channel, where we will be looking for new correction movements on lower time frame like double top or trendline break, any bearish reversal setup as per your trading style.
👉If that correction started, then expect a movement lower till the lower rising trendline, lining up with our massive support zone, where we will be looking for new longs again!
👉Unless price managed to trade above 190, then a movement higher would be expected.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
GBPJPY IMPULSE CORRECTION MOVEMENTS. 📚
👉As we can see price is still overall bullish trading inside this flat rising broadening wedge pattern, in a shape of impulse and correction movements.
👉Moreover, price is sitting around a strong round number 190 lining up with our upper bound of this channel, where we will be looking for new correction movements on lower time frame like double top or trendline break, any bearish reversal setup as per your trading style.
👉If that correction started, then expect a movement lower till the lower rising trendline, lining up with our massive support zone, where we will be looking for new longs again!
👉Unless price managed to trade above 190, then a movement higher would be expected.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!