GBPJPY Technical Analysis and Trade Idea (video)

This is a video explaining my previous screenshot

On the higher time frame, the #GBPJPY exhibits a bullish trend with a recent retracement into an equilibrium zone. As we delve into lower timeframes, we want to lookout for specifically, a double bottom setup followed by a break below the previous lows, a robust rally, and subsequently, a higher low formation with retest and fail of a range at support.

However, it’s paramount to acknowledge the inherent risks associated with trading. Always conduct thorough research, considering both fundamental market drivers and the broader macroeconomic landscape, in addition to your technical analysis. Implement sound risk management strategies to safeguard your capital.

Disclaimer: This analysis provides a technical perspective on AAPL and should not be construed as investment advice. Tailor your trading decisions to your specific risk tolerance, informed by comprehensive market research and a holistic assessment of all relevant factors.