英鎊 / 日圓看多
GJ longterm analysis
Hello guys
1. Price broke the strong resistant level on the daily chart at 156 and now is pulling back to it
2. Lots of demand in this area according to the volume.
3 this could possibly form a big head and shoulders which will play out very nicely if price respects the support and resistance levels and for it to happen we must look out for the trend line and see it break first.
4. We are currently at a nice area to go long with a +8 RR
5. Higher resistant level is found on weekly chart at 163.84
6. This could all be wrong as sometimes market doesn’t respect technically analysis. Remember every moment in the market is unique.
7. Enter with %1 risk
1. Price broke the strong resistant level on the daily chart at 156 and now is pulling back to it
2. Lots of demand in this area according to the volume.
3 this could possibly form a big head and shoulders which will play out very nicely if price respects the support and resistance levels and for it to happen we must look out for the trend line and see it break first.
4. We are currently at a nice area to go long with a +8 RR
5. Higher resistant level is found on weekly chart at 163.84
6. This could all be wrong as sometimes market doesn’t respect technically analysis. Remember every moment in the market is unique.
7. Enter with %1 risk
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