GBPJPY 30min Analysis February 3rd, 2021
Price is still consolidating within a descending triangle pattern above our key weekly level.
Trade Scenario 1: Bullish - For us to go long we need to see price break out of our consolidation pattern and above the 30min 200MA. We will then wait for a retrace and for price to find support around 143.500. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly with conviction. We will then wait for a retrace and for the 143.200 zone to flip as resistance. Enter on strong bearish setups
Trade Scenario 1: Bullish - For us to go long we need to see price break out of our consolidation pattern and above the 30min 200MA. We will then wait for a retrace and for price to find support around 143.500. Enter on strong bullish setups.
Trade Scenario 2: Bearish - For us to go short we need to see price break below our key weekly with conviction. We will then wait for a retrace and for the 143.200 zone to flip as resistance. Enter on strong bearish setups
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.