Alex here and in this analysis we're going to Sell GBPJPY First than we'll go Long on it
Current Trend for H4 H1 is Strong where as Daily Suggests to Stay away (Now you can also check the trends via Tradingview's TA Meter :)
right now we're focusing on H4 Timeframe and it's more of Overbought and sitting on (Strong Resistance) at 151.430
so why not to sell it? adding 50 PIPS of SL. I'll set my Target to 150.210
where as the Trend suggests it to BUY so we'll do it after the correction is made (or I should say our Selling Scoops ;)
Setting SL for Long trade to 140.820 and Targets be 152.720 (For Long trade I'll update you with the SL & TP is change is necessary)
so what are you waiting for?
Go ahead any place your orders and if you have any doubts let me know in the comments
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Alright guys take care and have a,
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approaching 618 Fibo level and Trendline
(Optional Increase SL above 5 PIPS of 618 Level)
or we'll close early, let's see what's possible!