Wish you tons of profits in the new week.
GBPJPY pair hit almost all-time high last week. This triggers us to wait a decreasing price in this pair at least for a short period of time before getting into higher highs. Therefore, the possibility of price decreasing for me is higher, in which I'll wait the price to go down to the major support level.
The action of the price at this point is crucial, if it goes and retests the highest price forms a double top pattern then goes down to support or directly goes to the support?
All this points covered on the chart. You can choose whichever you want of course. I'll prefer to wait our important price level zone (which can be price rejection or fvg or order block zone) and most probably long to the highest, then short from that point.
Good Luck to All! 🙌🏽😎❤
GBPJPY pair hit almost all-time high last week. This triggers us to wait a decreasing price in this pair at least for a short period of time before getting into higher highs. Therefore, the possibility of price decreasing for me is higher, in which I'll wait the price to go down to the major support level.
The action of the price at this point is crucial, if it goes and retests the highest price forms a double top pattern then goes down to support or directly goes to the support?
All this points covered on the chart. You can choose whichever you want of course. I'll prefer to wait our important price level zone (which can be price rejection or fvg or order block zone) and most probably long to the highest, then short from that point.
Good Luck to All! 🙌🏽😎❤
Trade active:
TP for buyers is reached ✔🙌🏽😎 Now it's sellers' turn. Lets get to the TP to Sellers!