Hello,Traders!
GBP-JPY went down and is retesting
An ultra strong horizontal support level
Which means that the probability of the
Bullish rebound is very high
So after the retest happens
One might want to go long on the pair
Buy!
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We can see the price found a support in the blue zone, once it retest and stand above 1.37912
you may find an entry in 1H / 15M ,
Please take TP & SL as reference
set a risk reward ratio which fits your trading plan.
thank you!
Evening Traders,
Today’s technical analysis will focus on ONT/BTC, breaking a key level with conviction; an S/R flip retest is likely for a trade entry.
Points to consider,
- Resistance breached
- S/R flip for confirmation
- 200 EMA immediate resistance
- 21 MA confluence (upon S/R Flip Retest)
- RSI in overbought
- Stochastics in upper regions...
