Hello traders around the world.
My name is Alexandre Karim and today we will check GBPJPY and plan it for next week!
On the 1H chart, we can clearly see that the price is shaping up nicely reaching a high probability area + rejection line @ 162.000 and 162.331 level, knowing that the price is squeezing (Signaling a drop).
I will be waiting for a reversal pattern to short in this area.(1H breakout of the reversal OR 15 mins hover inside the 1H reversal pattern.)
Stay patient.
#THEPRIMES
My name is Alexandre Karim and today we will check GBPJPY and plan it for next week!
On the 1H chart, we can clearly see that the price is shaping up nicely reaching a high probability area + rejection line @ 162.000 and 162.331 level, knowing that the price is squeezing (Signaling a drop).
I will be waiting for a reversal pattern to short in this area.(1H breakout of the reversal OR 15 mins hover inside the 1H reversal pattern.)
Stay patient.
#THEPRIMES