GBPJPY: Multi Timeframe Analysis & Trading Plan
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Top-Down Analysis:
pound yen is trading on 2016th's structure low.
on 4h the pair has just reached a support line of a falling channel
and on 1H we see a clear unwillingness to push lower.
Chances are high that we will see at least a pullback to a resistance of the channel
Trading Plan:
on focus in the indecision range on 1H.
wait for a bullish breakout of the range to buy the pair.
Initial target will be 127.8
second target 130.1
good luck!
please, support the idea with like and comment! thank you :)
Trade fermée: cible de profit atteinte
T1 reached
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