Get started
uriyaz

Looking to buy GBPJPY dip

Long
British Pound / Japanese Yen (FX:GBPJPY)  
uriyaz  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis reversal countertrend support Support and Resistance Parallel Channel structure falsebreak pattern
5
0
trendanalysis chartpattern beyondta reversal countertrend support supportandresistance parallelchannel structure falsebreak pattern
Although GJ is in downtrend we are in a major support area.
At the moment i'll wait to buy a dip as describe on the chart.
First target will be the upper channel and second target will be 142 area .
If price will go the 142 area it should be easy trailing position there.
The best scenario for me is entering using 1H time frame with clear reversal pattern.

Best of luck :-)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.