I OPENED THIS TRADE FOR 2 HOURS ONLY AND CLOSED IT BECAUSE IT RETESTED ITS 3RD SUPPORT LEVEL
risk was higher because i knew it after its new hh of bullish trend their will be price drop for new HLand i opened short trade.
after waiting for two hurs almost gbp/jpy re-rested its support 3 level - 162.139 and bounced back and booked 76 dollars profit
SO, WHATS NEXT?
PRICE WILL BE REJECT @ 163.086 then its next target will be resistance-2 @163.723
{we can expect gbp/jpy to play around support level-3 and resistance-2 levels {trend movement in between 162.139 tp 163.723},
}
NEXT TRADE PLAN FOR GBP|JPY
SELL STOP 163.086
risk was higher because i knew it after its new hh of bullish trend their will be price drop for new HLand i opened short trade.
after waiting for two hurs almost gbp/jpy re-rested its support 3 level - 162.139 and bounced back and booked 76 dollars profit
SO, WHATS NEXT?
PRICE WILL BE REJECT @ 163.086 then its next target will be resistance-2 @163.723
{we can expect gbp/jpy to play around support level-3 and resistance-2 levels {trend movement in between 162.139 tp 163.723},
}
NEXT TRADE PLAN FOR GBP|JPY
SELL STOP 163.086