Contraction on GBPJPY
There is a consolidation in the pair following a strong rally.
Plan:
- Wait for the price to break out of the pattern.
- Once the it breaks out, wait for a pull back.
- Watch price action in pullback. If a natural pullback (not engulfing, smaller candles, etc), we can place our position to the
direction of the break out.
Plan:
- Wait for the price to break out of the pattern.
- Once the it breaks out, wait for a pull back.
- Watch price action in pullback. If a natural pullback (not engulfing, smaller candles, etc), we can place our position to the
direction of the break out.
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.