Looking on the four hour chart. Pull back from resistance level could be forming a possible double bottom on a previously tested support line.
Keeping an eye on the close of the 4HR candle if it closes within the zone I will be looking to go long on GBPJPY finding an entry on a smaller time frame.
If it breaks through the support I will then look for a pullback to the support/resistance line then look for a short opportunity.
Only risk what you can afford. This is not financial advice.
Happy Trading.
Keeping an eye on the close of the 4HR candle if it closes within the zone I will be looking to go long on GBPJPY finding an entry on a smaller time frame.
If it breaks through the support I will then look for a pullback to the support/resistance line then look for a short opportunity.
Only risk what you can afford. This is not financial advice.
Happy Trading.
Note
PRICE broke through support. Now pulled back into the support/Resistance zone. Confidently Ready to enter a short position with a candle pattern on a smaller timeframe, expecting price to continue to the downside.
Trade active
Trade entered.
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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.