Unique GBPJPY technical analysis, see price action at 3 levels
Updated
Unique GBPJPY technical analysis
Today, we will see price action at 3 levels
If price approach with compression, it's a good sign.
In case the price shows signs of rejection of these levels,
We can wait for reversal structure to enter short positions.
And we recommend trading only when there are enough confirmations with RR from 3:1.
If you find the article useful or interesting,
Let's comment below !
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Notes on using this GBPJPY trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Today, we will see price action at 3 levels
If price approach with compression, it's a good sign.
In case the price shows signs of rejection of these levels,
We can wait for reversal structure to enter short positions.
And we recommend trading only when there are enough confirmations with RR from 3:1.
If you find the article useful or interesting,
Let's comment below !
------------------------------------------
Notes on using this GBPJPY trading idea
This is ONLYGOLD team's idea and analysis.
Let's see it as an example or a reference.
You also need your own analysis as well and manage risks.
Note
We would like to notice you that on the high time frame, GBPJPY is still bullish, the price could approach the level above 158.or, although this may be a distribution structure in 4h TF, the price can still create a stop-hunt to sweep the stops of sellers.
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