GBPJPY - Retest of structure before next move up?
PAIR IN FOCUS: GBPJPY
ACTION: LONG
HORIZON: SHORT TO MEDIUM-TERM
Price has broken above the 134.700 structure level after consolidation. We could possibly see price retrace back to that price range to retest the structure before continuing the next move higher. Area of entry would be 134.600 to 134.750, and TP would be 135.900 to 136.000 range.
Important to look for reversal/bullish price action during the retest to determine if the structure holds or fails.
Let's see how this works out!
ACTION: LONG
HORIZON: SHORT TO MEDIUM-TERM
Price has broken above the 134.700 structure level after consolidation. We could possibly see price retrace back to that price range to retest the structure before continuing the next move higher. Area of entry would be 134.600 to 134.750, and TP would be 135.900 to 136.000 range.
Important to look for reversal/bullish price action during the retest to determine if the structure holds or fails.
Let's see how this works out!
Catatan
Price moving nicely after retesting the structure, cheers!Trading ditutup: target tercapai
Price got into take profit range! A good 100 pips in 2 days, cheers!
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.