GBP/JPY in a triangel, H4 near a sharp move
Hi again Guys. I'm here with an interesting idea about GBP/JPY.
The chart shows everything very clearly.
In daily timeframe we are in an uptrend, but in H4 we have the triangel and this can indicate a weakening or temporary reversal of trend.
Only if the price breakdown the 153.500 it going to be a downtrend in H4,
Also the price can continue its bullish trend only if cross over the 154.800
You can enter a trade after breaking the numbers we told after a nice pullback of course.
Which do you think will happen, 1 or 2 ?
Thanks for your attention! :)
The chart shows everything very clearly.
In daily timeframe we are in an uptrend, but in H4 we have the triangel and this can indicate a weakening or temporary reversal of trend.
Only if the price breakdown the 153.500 it going to be a downtrend in H4,
Also the price can continue its bullish trend only if cross over the 154.800
You can enter a trade after breaking the numbers we told after a nice pullback of course.
Which do you think will happen, 1 or 2 ?
Thanks for your attention! :)
Trade active
Trade closed: target reached