GBPJPY BEARS TO TAKE OVER

29 ม.ค. 2024

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

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GBPJPY BEARISH REVERSAL FORMED. 📚

👉As we can see price got stuck inside this big rangy market, Moreover, price is sitting around our upper bound of this range which can be acting as a resistance zone,

👉Meanwhile, we will be looking for new bearish movements, but we need some confirmation, for the bears to kick in we need a break below the marked major swing low, by a momentum candle close,then a movement lower would be expected.

👉And as usual 1-2 risk to reward ratio from a risk management perspective.


👉Unless price managed to trade again higher to be breaking above our major swing high and upper bound of this range, then a movement higher would be expected. 📚


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!