GBPJPY free signal on SELL TRADE
Some time ago the price touched the strong resistance zone of 139.626. This zone is formed by two resistance lines at once, one of which is the strongest - in 2016, and the second - in 2018.
Also in this zone is the resistance level.
As you can see on the larger timeframe, since 2016, each arrival of the price to this line ended with its collapse and trend reversal. In 2016, another resistance line was formed, in the case of it, the price periodically made breakouts, but two lines still created strong resistance, and all this time the price did not go up higher.
Now we see that having touched the zone, the price began to fall again. So now I expect it to fall further. And this is a great entry point for opening a sell trade!
I will never tire of reminding you of the importance of SL - set it along the senior resistance line around 140.230.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Also in this zone is the resistance level.
As you can see on the larger timeframe, since 2016, each arrival of the price to this line ended with its collapse and trend reversal. In 2016, another resistance line was formed, in the case of it, the price periodically made breakouts, but two lines still created strong resistance, and all this time the price did not go up higher.
Now we see that having touched the zone, the price began to fall again. So now I expect it to fall further. And this is a great entry point for opening a sell trade!
I will never tire of reminding you of the importance of SL - set it along the senior resistance line around 140.230.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
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🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
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.
📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
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.