MARKET COMMENTARY
GBPJPY - There is a beautiful rally in the price of GBPJPY right from 21st sept 2020 from the level of 133.500 and made a recent high of 153.300 re-testing the previous high of 12th April 2018. Currently the price is consolidating in the range of NO TRADE ZONE as there can be a possible move on both side, My approach at this point of time is to find a possible short - selling opportunity where I would like to initiate a sell around 150.700
Potential downside target is 147.800
Maintain stop loss around 151.300
If the price continues to rally above 151.300 it can re-test the previous high of 153.300, where I will reverse my trade into buy side.
Well , this is a positional view and good for people who likes to trade positionally and not day trading.
Stay tuned to get your favourite DAY TRADE VIEW.
Hit the like button if you agree to my point and do write in the comment section.
Why you should follow this trading view profile ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks.
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered. Thanks
GBPJPY - There is a beautiful rally in the price of GBPJPY right from 21st sept 2020 from the level of 133.500 and made a recent high of 153.300 re-testing the previous high of 12th April 2018. Currently the price is consolidating in the range of NO TRADE ZONE as there can be a possible move on both side, My approach at this point of time is to find a possible short - selling opportunity where I would like to initiate a sell around 150.700
Potential downside target is 147.800
Maintain stop loss around 151.300
If the price continues to rally above 151.300 it can re-test the previous high of 153.300, where I will reverse my trade into buy side.
Well , this is a positional view and good for people who likes to trade positionally and not day trading.
Stay tuned to get your favourite DAY TRADE VIEW.
Hit the like button if you agree to my point and do write in the comment section.
Why you should follow this trading view profile ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks.
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered. Thanks
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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.