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louisemwesigwa
Mar 21, 2022 9:22 PM

GBPJPY (4HR) BREAK AND RETEST Long

British Pound/Japanese YenFXCM

Description

hello, as I said yesterday GJ is at critical area where it has tested for support, resistance in the past(1 week) major structure, but price eariler today touched the minor weekly trendline, and retraced little but still maintaining a bullish momentum. So i want to see price break trendline and retest . but always set alerts at your trendlines to avoid impulsive trading casing to losses.
Pay attention to every single detail, have multiple confluences. look at structure.
TIP: always mark monthly foundation lines, trendlines price always reacts around those areas.
share your thoughts
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Comments
JoeChampion
Makes sense, JPY should continue to collapse. and most of retail traders are short GBPJPY so we should go against them
louisemwesigwa
@JoeChampion, thank you for your views, yes I agree too, today GBPJPY just broke a major trendline which many thought it would continuously keep rejecting but id didn't , although according to my analysis after this bullish move, later on we will see a bearish move but for now I love how the bulls took over.
itjiks
Finally someone with vision👍✌️
louisemwesigwa
@itjiks, thank you so much, God bless
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