GBP/JPY approaching resistance, sell if the resistance holds
Hello traders and Tradingview Community! During the Asian session yesterday, I advised
you to buy GBPJPY when the price was at 179.40. If you followed it, you have made over
400 Pips profit so far.
Now, at the moment, GBP/JPY is approaching a resistance level. Keep in mind that
the resistance level around 184 is not too strong. That being said, if there is formation
of bearish price action near the 184 level, we can consider selling GBPJPY@184 with
SL above resistance and TP at 181
you to buy GBPJPY when the price was at 179.40. If you followed it, you have made over
400 Pips profit so far.
Now, at the moment, GBP/JPY is approaching a resistance level. Keep in mind that
the resistance level around 184 is not too strong. That being said, if there is formation
of bearish price action near the 184 level, we can consider selling GBPJPY@184 with
SL above resistance and TP at 181
Trade active
Sold@183.80Note
Added another sell@184.05, I am seeing price struggling at the 4h resistanceNote
50 Pips in profitNote
expecting more bearishness to come soon
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.
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.