The Geppy GBP/JPY long call
Current Price: 192.862
Buy Zone: After closing above 195.971
Stop-Loss: 189.488
Target: 205
Analysis:
Parallel Channel:
GBP/JPY is trading within a parallel channel, indicating a structured range between support and resistance. This suggests the market is respecting these levels, and a break above the upper trendline (195.971) would confirm the bullish breakout.
Fibonacci Extension:
Using Fibonacci levels as a tool to project future price movements, the extension aligns with the 205.161 target, a significant level based on the projected price move. This target could coincide with key resistance levels.
Risk/Reward:
With a stop-loss at 189.488 and a target of 205, the trade offers a favorable risk-to-reward ratio, ensuring good potential profits relative to the risk.
Buy Zone: After closing above 195.971
Stop-Loss: 189.488
Target: 205
Analysis:
Parallel Channel:
GBP/JPY is trading within a parallel channel, indicating a structured range between support and resistance. This suggests the market is respecting these levels, and a break above the upper trendline (195.971) would confirm the bullish breakout.
Fibonacci Extension:
Using Fibonacci levels as a tool to project future price movements, the extension aligns with the 205.161 target, a significant level based on the projected price move. This target could coincide with key resistance levels.
Risk/Reward:
With a stop-loss at 189.488 and a target of 205, the trade offers a favorable risk-to-reward ratio, ensuring good potential profits relative to the risk.
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.
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.