Get started
TheSignalyst

GBPJPY Buy Setup

Long
British Pound / Japanese Yen (FX:GBPJPY)  
TheSignalyst  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Wave Analysis Gann GBPJPY Parallel Channel chart priceaction trend reversal reversalpattern Forex pound
3
0
trendanalysis waveanalysis gann gbpjpy parallelchannel chart priceaction trend reversal reversalpattern forex pound
on H4: GBPJPY is overall bearish trading inside our blue channel and it is currently approaching a strong support level 136.0 in green so we will be looking for trend-following buy setups on lower timeframes.

On M30: GBPJPY is retesting our lower blue trendline from H4, so as price approaches our 136.0 support, we will be waiting for a third swing to form around our upper red trendline to consider it valid and buy on its break upward.

Good Luck!
This analysis is done using RichTL
www.RichTL.com

My Telegram Channel
www.t.me/thesignalyst

Buy CRGPT on Uniswap
cutt.ly/CRGPT
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.