TradingView
UnknownUnicorn4706318
Dec 20, 2020 7:26 PM

GBP/JPY Long Position analysis Short

British Pound/Japanese YenFXCM

Description

GBPJPY

- 1st On the monthly timeframe a very strong bullish engulfing candle will take us to the major resistance level 155.00 for a long term investment.
- 2nd The weekly timeframe has formed a falling wedge pattern which will take the price up after closing above 55MA.
- the 55MA will be acting as the STOPLOSS and 200MA will be the TAKEPROFIT.
- 14RSI is in bullish trend to target the 66.55 RSI resistance level.
PS. Fundamental wise The signal might be effected due to Britain lock down.

TRADE SAFE & USE PROPER RISK MANAGEMENT !!!

Trade closed: target reached

+397 Pips Profit
Congrats.
More