GBPJPY > Looking for Conservative Sell Trade and Here Is Why!
Analysis of #GBPJPY
The GBPJPY is near its structure resistance level where the market corrected aggressively to the downside and dropped more than 7.6% or 1286 pips.
the circumstances now are quite different as the YEN keeps on weakening across the board and the trend here remains to the upside so far.
I will be conservative here and look for a reversal pattern on the lower time frame before entering a sell trade if the rules are met.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
The GBPJPY is near its structure resistance level where the market corrected aggressively to the downside and dropped more than 7.6% or 1286 pips.
the circumstances now are quite different as the YEN keeps on weakening across the board and the trend here remains to the upside so far.
I will be conservative here and look for a reversal pattern on the lower time frame before entering a sell trade if the rules are met.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
Trade closed: target reached
300 PIPS
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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.
Related publications
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.