BelieveFx

GBPJPY Long Position (Compra)

Long
FX:GBPJPY   British Pound / Japanese Yen
GBPJPY we see that the price made a big retracement and ready to head up, we are in a buy with a bit high SL since its a volatile pair, we see that the price made before 3 pushes to de downside forming the bottom peak with also divergance, the reach with Fibonacci Extension is of 100% and also has confluence witht he Fib Retracement at 50%.
GBPJPY vemos que el precio nos a hecho un gran retroceso y estaria en planes de ya seguir subiendo, tenemos una compra con un Sl alto dado que este par es muy volatil, vemos que antes el precio nos dio tres empujes a la baja luego formando el pico bajo con una divergencia tambien. El TP lo sacamos del fibonacci de extension que tambien tiene confluencia con el fibonacci de retroceso en 50%
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.