matt_forex
Long

Confluence of support

FX:GBPJPY   British Pound/Japanese Yen
164 2 1
Price is bouncing off of the confluence of support, which is a horizontal line, the .382 fib and the upper channel line which it broke through back in late march.

Buy here with a tight stop, with a target around April's highs, will set up a 3:1 reward to risk ratio.
daterza
2 years ago
Like this setup. I have actually been waiting for the reversal since last week.
Reply
matt_forex daterza
2 years ago
I think I was a little early on this one.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out