GBJPY staged a moderately strong rally last week primarily due to JPY weakness. However, the long-legged Doji candle at the resistance indicates that the buyers might have finally run out of steam.
At this point, sellers could step into the market.
So, traders can look for sell between 144.60 to 144.80 with SL above the resistance area. TPs can be set at 143.50, 142.70 and 141.30 respectively.
I have already sold last week and currently holding my trades.
At this point, sellers could step into the market.
So, traders can look for sell between 144.60 to 144.80 with SL above the resistance area. TPs can be set at 143.50, 142.70 and 141.30 respectively.
I have already sold last week and currently holding my trades.
Note
Perfect idea. Worked greatTrade closed: target reached
All targets reached in GJ 330 pips profit
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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.