Buy GBPJPY Channel Breakout

已更新
The GBP/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further gains in the coming hours.

Key Points:

Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 190.50. This offers an entry point close to the perceived shift in momentum.

Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones:
191.25: This represents the first level of resistance within the channel.
191.61: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.

Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 190.25. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.

Thank you.
交易开始
注释
快照
交易结束:到达目标
beyondtechnicalanalysischannelbreakChart PatternsGBPGBPJPYgbpjpylongTechnical Indicatorsjpysupply_and_demandsupportandresistancezonesTrend Analysis

👉👉 Join My Telegram Channel :

✳️Forex Signals & Technical Chart : telegram.me/kabhifx


📞📞Telegram me @t.me/kabhidhan
更多:

相关出版物

免责声明