A sideways consolidation or better known as pennant has formed on GBPJPY. A breakout of either side will usually confirm the direction of the market expansion.
An aggressive trader will usually wait for a break and close above or below the pennant to chase the move of the market.
A conservative trader will then wait for the retracement to engage the trade of the confirmed direction, which are you?
An aggressive trader will usually wait for a break and close above or below the pennant to chase the move of the market.
A conservative trader will then wait for the retracement to engage the trade of the confirmed direction, which are you?
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Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
www.tiktok.com/@raynlim