The GBPJPY made a rejection on our weekly support however we are currently trading in an incomplete ABCD bullish trend hike. We anticipate this forex pair to retrace to our first take profit point creating a bearish flag. Should it play out as expected, we will short to our point D and buy again to our current support/ which will now be our resistance.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Trade active
Note
Please note the three black crows, I forgot to mention my reason for the bearish flag. With the three black swans, we usually have a flag that is created after it. I'm currently in this trade.Note
Bearish Flag created. I've taken profit on the bullish signal. I'm now shorting the GBPJPYTrade active
Trade closed manually
Took profit
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.