GBPJPY Setup
I will only sell if the trend line is broken. As it stands, GJ is attempting a bounce on a support on H1 chart which validates a trend continuation. Moving averages on M15, H1 and H4 supports a bullish movement.
However, there's a resistance on H4 and there could be a bounce.
My approach will be to buy slowly with a tight SL. If the trend on H1 breaks, then it means the bounce on the H4 resistance holds. Then I'll sell.
However, there's a resistance on H4 and there could be a bounce.
My approach will be to buy slowly with a tight SL. If the trend on H1 breaks, then it means the bounce on the H4 resistance holds. Then I'll sell.
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.