GBPJPY - Channel being stressed - Longs Possible
Greetings Fellow Traders,
Trade opportunities are always popping up left and right! Today we're going to look at a critical level for the GBPJPY pair. We had an excellent trade off of 169.00 and an excellent trade near 165.00...and now we find the market on the resistance level pushing price down....
Sells will dominate as long as this line holds, however should we get a 4 hour close above, look for some consolidation or a retest back to the level that was broken and quite possibly an outstanding entry to a trade back into the 170s.
Let's make some pips!
Comment/Like/Follow - If you ever need assistance with trading or anything else, feel free to PM me as well.
Trade opportunities are always popping up left and right! Today we're going to look at a critical level for the GBPJPY pair. We had an excellent trade off of 169.00 and an excellent trade near 165.00...and now we find the market on the resistance level pushing price down....
Sells will dominate as long as this line holds, however should we get a 4 hour close above, look for some consolidation or a retest back to the level that was broken and quite possibly an outstanding entry to a trade back into the 170s.
Let's make some pips!
Comment/Like/Follow - If you ever need assistance with trading or anything else, feel free to PM me as well.
Comment:
Updated Analysis for new trade entries
