GBPJPY Setup longer term
When we look at the bigger picture we can see this rising wedge. We also can see it respected the pattern by rejecting the resistance. We are going down, most likely to 137. From there we can take a long back to the resistance. and then a short, as many of you know a rising wedge mostly break downwards: this could be the last time it reaches resistance.
At the moment it's struggeling with going down, maybe we can see a long from here but that depends on the market movements tomorrow, and in the next days.
Wish you the best trades! Goodluck.
Feel free to give your opinions down in the comment section!
At the moment it's struggeling with going down, maybe we can see a long from here but that depends on the market movements tomorrow, and in the next days.
Wish you the best trades! Goodluck.
Feel free to give your opinions down in the comment section!
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.