GBPJPY ANALYSIS!!
Good Morning Traders, I present to you GBPJPY, which is in a BEARISH environment, and broke a level of SUPPORT, now we wait for a RE-TEST of SUPPORT that will soon become RESISTANCE before Dropping for 50+ Pips with STOPS above the previous HIGHER HIGH CANDLE.
HOW TO TRADE
*Wait for a RE-TEST
*Put Stops above previous HIGHER HIGH CANDLE, and Target the next SUPPORT which can be found on the 4 Hours Time Frame.
*Look for a bearish reversal candle on lower time frames for SNIPER ENTRY.
HOW TO TRADE
*Wait for a RE-TEST
*Put Stops above previous HIGHER HIGH CANDLE, and Target the next SUPPORT which can be found on the 4 Hours Time Frame.
*Look for a bearish reversal candle on lower time frames for SNIPER ENTRY.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.