GBPJPY is having its strongest (1d) candle today in almost 18 months.
The main pattern is a Channel Up and this rise is extending its new bullish wave.
The previous one retested the MA50 (1d) after crossing over it and the resumed the uptrend to peak on a +8.70% rise.
Trading Plan:
1. Buy on the next MA50 (1d) test.
Targets:
1. 204.500 (+8.70% rise).
Tips:
1. The MACD (1d) formed a Bullish Cross 9 days ago, the 3rd inside this 5month Channel Up, which confirms that we are on a bullish wave.
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The main pattern is a Channel Up and this rise is extending its new bullish wave.
The previous one retested the MA50 (1d) after crossing over it and the resumed the uptrend to peak on a +8.70% rise.
Trading Plan:
1. Buy on the next MA50 (1d) test.
Targets:
1. 204.500 (+8.70% rise).
Tips:
1. The MACD (1d) formed a Bullish Cross 9 days ago, the 3rd inside this 5month Channel Up, which confirms that we are on a bullish wave.
Please like, follow and comment!!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.