GBPJPY is trading a rising wedge pattern. It is trading in strong support and resistance zone. One can initiate a long trade near the support line of the rising wedge pattern with proper stop loss and risk management system, but if it breaks out of rising wedge pattern on the downside, we may see further downside towards the support zone.
Note - trade with the proper risk management system
Thanks
Note - trade with the proper risk management system
Thanks
Trade closed: target reached
Daily 50 Pips Target Reached.
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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.