🔸Hello traders, let's review the 4 hour chart for GBPJPY. Strong gains off the lows recently, however price getting overextended and expecting reversal later at/near PRZ/D.
🔸Speculative XABCD structure defined by point X 199 point A 188 point B 195.20 point C 186.80 point D/PRZ 198.40/80 .
🔸Currently most points validated, point D/PRZ validated as well.
Short sell at market SL over point D/PRZ TP details see chart
🔸Recommended strategy for GJ traders: Short Sell at Market
SL over point D/PRZ TP1 193.30 TP2 191.00 TP3 188.80.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
🔸Speculative XABCD structure defined by point X 199 point A 188 point B 195.20 point C 186.80 point D/PRZ 198.40/80 .
🔸Currently most points validated, point D/PRZ validated as well.
Short sell at market SL over point D/PRZ TP details see chart
🔸Recommended strategy for GJ traders: Short Sell at Market
SL over point D/PRZ TP1 193.30 TP2 191.00 TP3 188.80.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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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.
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.