Short
GBPJPY H4 | Potential Bearish Drop in Play
Based on the H4 chart analysis, we can see that the price has rejected off the sell entry which is a pullback resistance and could drop from this level to the take profit.
Sell entry is at 201.96, which is a pullback resistance.
Stop loss is at 203.22, which is a pullbakc resistance.
Take profit is at 200.45, which is a pullback support that lines up with the 161.8% Fibonacci extension.
Stratos Markets Limited (tradu.com/uk):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com/eu ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Sell entry is at 201.96, which is a pullback resistance.
Stop loss is at 203.22, which is a pullbakc resistance.
Take profit is at 200.45, which is a pullback support that lines up with the 161.8% Fibonacci extension.
Stratos Markets Limited (tradu.com/uk):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com/eu ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.