Good friday morning!
GBPJPY LONG TP's been hit. (750 pips profit).
Now I am already chasing that sell area. And I am expecting it to be around 161.300 for a few reason, first we can see a monthly supply&demand, it would be a re-test of the broken level on the monthly timeframe, and on top of that we have an AB=CD Harmonic Pattern and also it is the SMA50 on the monthly timeframe once again! I will update this chart as the market approach the reversal area. Thanks you, trade with care.
GBPJPY LONG TP's been hit. (750 pips profit).
Now I am already chasing that sell area. And I am expecting it to be around 161.300 for a few reason, first we can see a monthly supply&demand, it would be a re-test of the broken level on the monthly timeframe, and on top of that we have an AB=CD Harmonic Pattern and also it is the SMA50 on the monthly timeframe once again! I will update this chart as the market approach the reversal area. Thanks you, trade with care.