GBPJPY Support and Resistance 160919
GBP is relatively strong with lots of support zones below current level.
If GBP is able to retrace to the green fib zone (or towards a harder support below that, will be ready to go Long to where the arrow points.
The TP is at the zone of a few technical conf
If GBP is able to retrace to the green fib zone (or towards a harder support below that, will be ready to go Long to where the arrow points.
The TP is at the zone of a few technical conf
Order cancelled
Bearish engulfing candle closed below our entry zone (green), some time after that a bullish engulfing showed up but did not close above the zone, no other PA showed up for us to take this trade idea. Plan cancelled.
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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.