on H4: GBPJPY is overall bearish trading inside our blue channel and it is currently approaching a strong support level 136.0 in green so we will be looking for trend-following buy setups on lower timeframes.
On M30: GBPJPY is retesting our lower blue trendline from H4, so as price approaches our 136.0 support, we will be waiting for a third swing to form around our upper red trendline to consider it valid and buy on its break upward.
Good Luck!
On M30: GBPJPY is retesting our lower blue trendline from H4, so as price approaches our 136.0 support, we will be waiting for a third swing to form around our upper red trendline to consider it valid and buy on its break upward.
Good Luck!
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal