GBPJPY is trading inside a Bullish Megaphone pattern with the price testing now for the 2nd time the MA50 (1d).
This test is coming only 3 days after the price hit the bottom of the Megaphone.
The previous bottom formations have been very similar to the current pattern.
Trading Plan:
1. Buy when the pair closes a (1d) candle above the MA50 (1d).
Targets:
1. 190.000 (Fibonacci 1.236 extension).
Tips:
1. The RSI (1d) has made a Double Bottom formation over the oversold level of 30.00.
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Notes:
Past trading plan:
This test is coming only 3 days after the price hit the bottom of the Megaphone.
The previous bottom formations have been very similar to the current pattern.
Trading Plan:
1. Buy when the pair closes a (1d) candle above the MA50 (1d).
Targets:
1. 190.000 (Fibonacci 1.236 extension).
Tips:
1. The RSI (1d) has made a Double Bottom formation over the oversold level of 30.00.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.