Breakout or fakeout
The GBPJPY has already broken through an important support level.
Right now, the price is stalling at a previous spike-candle. Those spike points can often carry a lot of trading interest and, thus, do not break as easily.
But the whole price story seems to be pointing towards more short pressure.
Right now, the price is stalling at a previous spike-candle. Those spike points can often carry a lot of trading interest and, thus, do not break as easily.
But the whole price story seems to be pointing towards more short pressure.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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.