GBPJPY WEEKLY SWING TRADE! (1000 PIPS?)
Hi fellow traders.
Considering that GJ has tanked significantly from its weekly highs a few months ago, all in the region about 140.000(+), I think now might be the perfect time for a reversal. RSI has also tapped the oversold region from last month, it might be time to see it go up.
I believe we could possibly see a long trade that could play out within the next few weeks in order to approach the outer resistance trend line drawn in black. I would aim to enter slightly lower than the current market price, around the region of 133.000 - 133.500 or lower. A perfect entry with a tight stop loss could prove to provide invaluable profits. A perfect break of the purple resistance drawn could help in providing a long bias for the weeks ahead.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer!
Please drop a follow! I need reputation points!!
Considering that GJ has tanked significantly from its weekly highs a few months ago, all in the region about 140.000(+), I think now might be the perfect time for a reversal. RSI has also tapped the oversold region from last month, it might be time to see it go up.
I believe we could possibly see a long trade that could play out within the next few weeks in order to approach the outer resistance trend line drawn in black. I would aim to enter slightly lower than the current market price, around the region of 133.000 - 133.500 or lower. A perfect entry with a tight stop loss could prove to provide invaluable profits. A perfect break of the purple resistance drawn could help in providing a long bias for the weeks ahead.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer!
Please drop a follow! I need reputation points!!
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