GBP JPY LONG
From the 4 hr , a downward trend is seen , in confluence with the daily
Going to the one hour , price broke above 152.340 and forming a resistance at 152.340
Two plans can be made , if the 9.00 30 min candle closes above the resistance region and on the 15 min , the 9.30-9.45 min candle closes bullish then we can anticipate a long towards 152.550
If it loses below , then a long is invalid then we may look for shorts around 152.300 area
Going to the one hour , price broke above 152.340 and forming a resistance at 152.340
Two plans can be made , if the 9.00 30 min candle closes above the resistance region and on the 15 min , the 9.30-9.45 min candle closes bullish then we can anticipate a long towards 152.550
If it loses below , then a long is invalid then we may look for shorts around 152.300 area
Order cancelled
trade idea invalid because 9.30 15min candle closed bearish
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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.