Hello traders
Gbp/Jpy has formed bullish falling wedge and nice opportunity will come in close proximity of support and resistance line line of the wedge, where price will either rebound or break
Currently on 4H scale, we have shooting star on last candle indicating bearish momentum - it will require careful monitoring near support line
We might be retesting broken support line within the wedge that now acts as resistance
As of this moment, I am in this trade
Take care
Gbp/Jpy has formed bullish falling wedge and nice opportunity will come in close proximity of support and resistance line line of the wedge, where price will either rebound or break
Currently on 4H scale, we have shooting star on last candle indicating bearish momentum - it will require careful monitoring near support line
We might be retesting broken support line within the wedge that now acts as resistance
As of this moment, I am in this trade
Take care
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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.