GBPJPY on the 4h chart is creating a new high.
After the test of the 180 level, the price started a steady bullish move to the upside without any retracement.
For this reason, our bias remains long and we can expect two possible scenarios.
The first one sees a break of the current level and a continuation to the upside; in the other one, we can see a retracement to a Fib level before the price continues the move.
According to Plancton's strategy If the price will satisfy the condition we can set a nice long order.
After the test of the 180 level, the price started a steady bullish move to the upside without any retracement.
For this reason, our bias remains long and we can expect two possible scenarios.
The first one sees a break of the current level and a continuation to the upside; in the other one, we can see a retracement to a Fib level before the price continues the move.
According to Plancton's strategy If the price will satisfy the condition we can set a nice long order.
Note
Note
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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.