I OPENED THIS TRADE FOR 2 HOURS ONLY AND CLOSED IT BECAUSE IT RETESTED ITS 3RD SUPPORT LEVEL
risk was higher because i knew it after its new hh of bullish trend their will be price drop for new HLand i opened short trade.
after waiting for two hurs almost gbp/jpy re-rested its support 3 level - 162.139 and bounced back and booked 76 dollars profit
SO, WHATS NEXT?
PRICE WILL BE REJECT @ 163.086 then its next target will be resistance-2 @163.723
{we can expect gbp/jpy to play around support level-3 and resistance-2 levels {trend movement in between 162.139 tp 163.723},
[series of HH-LH]
[series pf HH-LL]}
NEXT TRADE PLAN FOR GBP|JPY
SELL STOP 163.086
risk was higher because i knew it after its new hh of bullish trend their will be price drop for new HLand i opened short trade.
after waiting for two hurs almost gbp/jpy re-rested its support 3 level - 162.139 and bounced back and booked 76 dollars profit
SO, WHATS NEXT?
PRICE WILL BE REJECT @ 163.086 then its next target will be resistance-2 @163.723
{we can expect gbp/jpy to play around support level-3 and resistance-2 levels {trend movement in between 162.139 tp 163.723},
[series of HH-LH]
[series pf HH-LL]}
NEXT TRADE PLAN FOR GBP|JPY
SELL STOP 163.086
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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.