#GBPJPY Price is trading the 1HR resistance Area zone waiting for any bearish candlestick formation and watch the next candle close above the previous candle its will move to the next level support area
Why we like it:
Price Trading nearby in 1HR resistance area
moving to the next support area
waiting for bearish candlestick confirmation
1st...
Pair AUDGBP - I keep my graph simple and easy to read.
4Hr chart tells us alot about whats happening. It looks as thou prices is consolidating in the area which the line is drawn. Triangle formation looking to unfold.
Will wait for breakout before placing any trades as yet.
Good luck.
If in price action type, price makes a candlestick pattern, we can search for long position up to the box.
But if its failed, price will continue to fall to the last bottom. Candlestick pattern is the primary and essential type for entry to the position.
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