GBP/JPY SHORT/ SELL
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🔰 Pair Name : GBP/JPY
🔰 Time Frame : 4H
🔰 Scale Type : MID Scale
🔰 Direction : SELL
GBP/JPY has experienced a bullish run in recent weeks, leaving significant liquidity and market imbalances in its wake. This week, the price broke above the upper trend channel on the daily chart, indicating a potential shift in direction.
Currently, it appears that the price is preparing to retest the previous uptrend channel. As professional traders, we anticipate a retracement towards the 180.5 daily support level, followed by a move towards 179.03 to refill the market imbalance.
By revisiting these levels, the price will potentially find support and re-establish a balanced market structure. It is important to monitor price action closely and evaluate any signs of a reversal or continuation during this retracement.
Stay vigilant and adapt your trading strategy accordingly as the price retraces and seeks equilibrium within the established uptrend channels.
🔰 Time Frame : 4H
🔰 Scale Type : MID Scale
🔰 Direction : SELL
GBP/JPY has experienced a bullish run in recent weeks, leaving significant liquidity and market imbalances in its wake. This week, the price broke above the upper trend channel on the daily chart, indicating a potential shift in direction.
Currently, it appears that the price is preparing to retest the previous uptrend channel. As professional traders, we anticipate a retracement towards the 180.5 daily support level, followed by a move towards 179.03 to refill the market imbalance.
By revisiting these levels, the price will potentially find support and re-establish a balanced market structure. It is important to monitor price action closely and evaluate any signs of a reversal or continuation during this retracement.
Stay vigilant and adapt your trading strategy accordingly as the price retraces and seeks equilibrium within the established uptrend channels.
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Bình luận
Simple trade, don’t miss out.Bình luận
We have taken our first TP here, and we are looking for price at least to go down to 179.95 area.Bình luận
Bình luận
GBPJPY successful drop down 200 pips from our sell position after poor economical data release this morning. Stay tuned to see GBPJPY next moveThông báo miễn trừ trách nhiệm
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