vbadali
Long

Buying GBPJPY after the huge dip!

FX:GBPJPY   British Pound/Japanese Yen
138 6 1
7 months ago
After completing a bullish W pattern GBPJPY             dropped off the top level into what I think is a bay of support. You have the 38-61 Fibonacci Confluence here that I think will hold the pair up.

This is the first time I'm uploading a chart on Trading View hope it's worth it!
7 months ago
Comment: I was definitely a bit early on this one. Need to start waiting for the actual turn in my desired direction or just scale into the position.
Nevertheless, it's off the lower and now the uptrend can continue.
AmjadFX
7 months ago
this is risky , good luck
Reply
vbadali AmjadFX
7 months ago
Maybe but after completing the W it's a bullish setup, I think a lot of people will short here based just off the large bodied candle and get caught off guard. Thanks and good luck to you as well.
Reply
RajaRashid
7 months ago
will it touch 162 again ?
Reply
vbadali RajaRashid
7 months ago
If it holds up here, it'll be back in uptrend mode and hopefully even break that level. This could take some time though.
Reply
RajaRashid vbadali
7 months ago
Thanks
Reply
vbadali RajaRashid
7 months ago
You're welcome. Good luck!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out