1404 GBPJPY how to follow weekly trend for 200-300 pips
GBPJPY is on our list to buy on our weekly plan.
We are just waiting for a good opportunity to open an order to follow the weekly trend on the 4H chart.
On the 4H chart, we see a possible channel for GBPJPY to follow.
The new impulse leg is possible to approach FIBO 1.27-1.414 for 200 pips maxumumly from current positiion with a stop loss looking OK.
Good luck on planing your trade.
LESS IS MORE!
We are just waiting for a good opportunity to open an order to follow the weekly trend on the 4H chart.
On the 4H chart, we see a possible channel for GBPJPY to follow.
The new impulse leg is possible to approach FIBO 1.27-1.414 for 200 pips maxumumly from current positiion with a stop loss looking OK.
Good luck on planing your trade.
LESS IS MORE!
Comment:
The channel has been broken by a sideway movement.