GBP/JPY 2 Intraday Scenarios
Updated
Morning Traders!
Price is on a major resistance level and has reached the 50% fibonacci level of the last bullish impulse.
I am going to see if the price bounces from that level (150,300) or breaks it.
If it bounces i will look for buys to reach the next resistance level at 150,980.
If the pair breaks the support level i will look for sells to reach the next support level at 149,500.
Good Trading Traders!
Price is on a major resistance level and has reached the 50% fibonacci level of the last bullish impulse.
I am going to see if the price bounces from that level (150,300) or breaks it.
If it bounces i will look for buys to reach the next resistance level at 150,980.
If the pair breaks the support level i will look for sells to reach the next support level at 149,500.
Good Trading Traders!
Note
If price breaks this M15 line, a bullish entry would be confimed.Note
Proce trying to break the support Note
Gonna wait for a pullback, then will try to jump inNote
Support not breaked yet!Note
RSI could be anticipating bullish break out.Note
Support seems to be breakedNote
If we have a break out on M15, will reverse positionTrade active
Going Short. TP at 149,450Trade closed: stop reached
Going throw bad streak, let's keep going
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.