GBP/JPY Intraday 2 scenarios
Updated
Morning Traders!
The price has clearly breaked the daily resistance closing above it with a D1 candle. What i expect today is a retracement at least to the breaked resistance (151,600).
However, the pair has shown tons of bullish activity those days so if it breaks upwards the M15 rectangle i will go long targeting 152,850 that is where i see the next resistance.
Good Trading Traders!
The price has clearly breaked the daily resistance closing above it with a D1 candle. What i expect today is a retracement at least to the breaked resistance (151,600).
However, the pair has shown tons of bullish activity those days so if it breaks upwards the M15 rectangle i will go long targeting 152,850 that is where i see the next resistance.
Good Trading Traders!
Note
Finally we got a downward break. Moved my TP to 151,350, that is the price where the breaked trend line is.Note
Was so close from TP, still waiting. Put BE.Trade closed manually
Closed +25 pips. Price just stoped 7 pips above my target.
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