Short on GBPJPY.
On the right side of the screen is the 15 minute time frame to the horizontal support line as the first target (Approx 75 pips away from current position. Take partial profits and let the rest ride. Although, price MAY reverse from here and start going up to the top of the Trading Range.
On the left side (Higher Time Frame), we are in a Trading Range.
At the moment we are continuing down and may fall down to the major support line for a big move of approximately 670 pips. However from here to the bottom, i'm looking for potential reversals for a move up to the top band of the Trading Range.
On the right side of the screen is the 15 minute time frame to the horizontal support line as the first target (Approx 75 pips away from current position. Take partial profits and let the rest ride. Although, price MAY reverse from here and start going up to the top of the Trading Range.
On the left side (Higher Time Frame), we are in a Trading Range.
At the moment we are continuing down and may fall down to the major support line for a big move of approximately 670 pips. However from here to the bottom, i'm looking for potential reversals for a move up to the top band of the Trading Range.
Note
Broke up above some structure and creating new highs on the 5 minute. Breaking out on the higher time frames and forming a channel. https://ttps://www.tradingview.com/x/WvTTPrZH/
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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.
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.