Hello traders around the world!
My name is Alexandre Karim, and this is the second plan for GBPJPY. (You can check out the first one as well and how it moved).
Forex traders are always looking for the most profitable and reliable trading opportunities. One such opportunity is the GBPJPY pair, which represents the exchange rate between the British pound and the Japanese yen. In this analysis, we will discuss the potential of shorting the GBPJPY pair when the price reaches the red rejection line or the upper trend line, which is in the 162.310 and 163.160 area.
We are currently waiting for the price to reach this area + we will be looking for a clear reversal pattern to short this pair.
I will be waiting for a 1H breakout structure or a 15 mins inner structure consolidation inside the 1H pattern.
It is very important to stay relaxed and be patient.
#THEPRIMES
My name is Alexandre Karim, and this is the second plan for GBPJPY. (You can check out the first one as well and how it moved).
Forex traders are always looking for the most profitable and reliable trading opportunities. One such opportunity is the GBPJPY pair, which represents the exchange rate between the British pound and the Japanese yen. In this analysis, we will discuss the potential of shorting the GBPJPY pair when the price reaches the red rejection line or the upper trend line, which is in the 162.310 and 163.160 area.
We are currently waiting for the price to reach this area + we will be looking for a clear reversal pattern to short this pair.
I will be waiting for a 1H breakout structure or a 15 mins inner structure consolidation inside the 1H pattern.
It is very important to stay relaxed and be patient.
#THEPRIMES