GBPJPY 4hourly chart unable to cross my EMA21, waiting further retracement back to fib level 50%
I will try a LONG position for an upside target with reasonable risk reward.
Reason :
- With the current PA in play, 143.90 will be the next support area .
- Currently H4 candlestick still resting below my EMA21, awaiting a crossover for long comfirmation.
- Potential to reach next resistance points :
Entry point Long : 143.90 area ; TP : 147.50 ; SL blow 143.00 area.
Risk Reward 1 : 3.0
Always remember to trade with stop-loss, market is crazy & cunning*
I will try a LONG position for an upside target with reasonable risk reward.
Reason :
- With the current PA in play, 143.90 will be the next support area .
- Currently H4 candlestick still resting below my EMA21, awaiting a crossover for long comfirmation.
- Potential to reach next resistance points :
Entry point Long : 143.90 area ; TP : 147.50 ; SL blow 143.00 area.
Risk Reward 1 : 3.0
Always remember to trade with stop-loss, market is crazy & cunning*
Order cancelled:
Order is now cancelled.