- Trade Strategy: Support and Resistance Trading
- Key Levels: Resistance at 192.75, Support at 190.37
- Profit Potential: 238 pips (~2,380 USD/lot)
Analysis:
- Trade Strategy: Sideways Bounce Trading
- Key Levels: Identified resistance at 192.75 and support at 190.37
- Profit Potential: Significant profit potential of 238 pips (~2,380 USD/lot) between support and resistance levels
Trade Plan:
- Selling Opportunity: Consider shorting near resistance level at 192.75
- Buying Opportunity: Look for buying entries near support level at 190.37
- Profit Potential: Utilize the range between support and resistance for profit-taking opportunities
Insights:
The GBPJPY presents a lucrative sideways bounce trading opportunity for support and resistance traders. With well-defined levels at resistance (192.75) and support (190.37), traders can capitalize on potential price movements within this range. Exercise caution and implement effective risk management strategies.
📈📉 Seize the opportunity presented by the GBPJPY's sideways movement, leveraging support and resistance levels for profitable trading outcomes!
- Key Levels: Resistance at 192.75, Support at 190.37
- Profit Potential: 238 pips (~2,380 USD/lot)
Analysis:
- Trade Strategy: Sideways Bounce Trading
- Key Levels: Identified resistance at 192.75 and support at 190.37
- Profit Potential: Significant profit potential of 238 pips (~2,380 USD/lot) between support and resistance levels
Trade Plan:
- Selling Opportunity: Consider shorting near resistance level at 192.75
- Buying Opportunity: Look for buying entries near support level at 190.37
- Profit Potential: Utilize the range between support and resistance for profit-taking opportunities
Insights:
The GBPJPY presents a lucrative sideways bounce trading opportunity for support and resistance traders. With well-defined levels at resistance (192.75) and support (190.37), traders can capitalize on potential price movements within this range. Exercise caution and implement effective risk management strategies.
📈📉 Seize the opportunity presented by the GBPJPY's sideways movement, leveraging support and resistance levels for profitable trading outcomes!
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🏦 Qualify Junior Analyst within 90days
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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.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.