GBP/JPY testing resistance - consolidating 4H
Hey everyone,
Weekly – looks like 3 green soldiers will be formed (indicating that the downtrend might come to an end) – currently testing key resistance level.
Daily – 3 green soldiers formed and closed above resistance – might be a start of the uptrend. Could be a fakeout- have to wait for the price to pullback to the now support area to confirm that is uptrend now.
4h – consolidating – hoping a pullback to the 135.331 – would place a buy there.
Any feedbacks are welcomed. Thank you
Weekly – looks like 3 green soldiers will be formed (indicating that the downtrend might come to an end) – currently testing key resistance level.
Daily – 3 green soldiers formed and closed above resistance – might be a start of the uptrend. Could be a fakeout- have to wait for the price to pullback to the now support area to confirm that is uptrend now.
4h – consolidating – hoping a pullback to the 135.331 – would place a buy there.
Any feedbacks are welcomed. Thank you
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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.