Trade Idea for GBPJPY-Potential Buys on 4H TF
Potential Bullish setup on the HTF for GJ. Price has been bearish, but it looks like GBPJPY is setting up for a potential reversal. If price can form support along 153.70, there is a chance that price can retest the new high that was created, or eve create a higher high to potential move towards 155.40
1. There was a strong range where price formed support.
2. Price broke out of the range and broke through resistance
3. Price created a new high
4. High probability that price can retest this level at 153.75 to form support then potential retest the highs during the London session or pre-NY session
1. There was a strong range where price formed support.
2. Price broke out of the range and broke through resistance
3. Price created a new high
4. High probability that price can retest this level at 153.75 to form support then potential retest the highs during the London session or pre-NY session
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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.