GBPJPY / BOUNCE OFF SUPPORT / H1

GBPJPY - > Counter-trend play
Trading Bias: Long
Technical Strategy: Technical Confluence -> Weekly Support Area + Broken Trendlines + Fibonacci retracement cluster

Commento:

On market open will be looking to assess risk on vs risk off sentiment.

While this is an important support level, it may still break. Very important to note that this isn't an automatic active Trade as soon as the markets open.

Technically it will be important to see a series of higher lows on the lower timeframes (15min to 5min)

Ordine annullato:

We have broken below the support channel, invalidating this trade idea.