GBPJPY WEEKLY SWING TRADE! (1000 PIPS?)
Hi fellow traders.
Considering that GJ has tanked significantly from its weekly highs a few months ago, all in the region about 140.000(+), I think now might be the perfect time for a reversal. RSI has also tapped the oversold region from last month, it might be time to see it go up.
I believe we could possibly see a long trade that could play out within the next few weeks in order to approach the outer resistance trend line drawn in black. I would aim to enter slightly lower than the current market price, around the region of 133.000 - 133.500 or lower. A perfect entry with a tight stop loss could prove to provide invaluable profits. A perfect break of the purple resistance drawn could help in providing a long bias for the weeks ahead.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer!
Please drop a follow! I need reputation points!!
Considering that GJ has tanked significantly from its weekly highs a few months ago, all in the region about 140.000(+), I think now might be the perfect time for a reversal. RSI has also tapped the oversold region from last month, it might be time to see it go up.
I believe we could possibly see a long trade that could play out within the next few weeks in order to approach the outer resistance trend line drawn in black. I would aim to enter slightly lower than the current market price, around the region of 133.000 - 133.500 or lower. A perfect entry with a tight stop loss could prove to provide invaluable profits. A perfect break of the purple resistance drawn could help in providing a long bias for the weeks ahead.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer!
Please drop a follow! I need reputation points!!
Related publications
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.