GBPJPY TF TRADE
Pair: GBPJPY
Trade Opportunity: Sell
Type: Scalping
The daily market trend is bearish because the market has broken below a support level from November 4 and another support level from October 31. After the breakout, both of these supports are now acting as resistances. Currently, the market is retesting the October 31 resistance level.
On the 15-minute chart, a double-top trading pattern has formed, and its neckline has been broken to the downside. The market is now retesting the neckline of the pattern, where trades are being initiated.
Entry 195.334
Sl 196.10
Tp 194.406
Trade Opportunity: Sell
Type: Scalping
The daily market trend is bearish because the market has broken below a support level from November 4 and another support level from October 31. After the breakout, both of these supports are now acting as resistances. Currently, the market is retesting the October 31 resistance level.
On the 15-minute chart, a double-top trading pattern has formed, and its neckline has been broken to the downside. The market is now retesting the neckline of the pattern, where trades are being initiated.
Entry 195.334
Sl 196.10
Tp 194.406
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.