BUY GBPJPY @160.500
Stop loss @ 159.500
Target 1: 168.990
Target2: 180.300
Target3: 188.500
We clearly see the completion of A,B, C correction wave on daily timeframe, on a flag pattern and inverse hammer on the H4 timeframe in the confluence area of Fibo retracement level of 50.0%. We’ve a possible bullish bar confirmation on the H4 timeframe; in this trading week I’m anticipating the upside break of the Flag pattern.
Stop loss @ 159.500
Target 1: 168.990
Target2: 180.300
Target3: 188.500
We clearly see the completion of A,B, C correction wave on daily timeframe, on a flag pattern and inverse hammer on the H4 timeframe in the confluence area of Fibo retracement level of 50.0%. We’ve a possible bullish bar confirmation on the H4 timeframe; in this trading week I’m anticipating the upside break of the Flag pattern.
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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.