Bullish move on GbpJpy is expected
If you check the daily timeframe you'll see that there was a break of structure forming a new higher high and in the pullback a bullish engulfing pattern was formed.
Scaling down to the H4 timeframe we got a trend line break and a nice bullish engulfing pattern was used as the retest.
Now that level is our new support and it is currently retesting it and about to give us a bullish engulfing again. I've entered a buy position waiting for it to take out the recent high.
Trade safe guy and don't forget to use proper risk management
Scaling down to the H4 timeframe we got a trend line break and a nice bullish engulfing pattern was used as the retest.
Now that level is our new support and it is currently retesting it and about to give us a bullish engulfing again. I've entered a buy position waiting for it to take out the recent high.
Trade safe guy and don't forget to use proper risk management
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.