MasaFX

It's about to Break out

Lång
FX:GBPJPY   Brittiska pund/Japanska yen
An important resistance at around 143.00 is going to be broken to upward.
I just set the long limit at 143.00. if it's really broken, the pair is going to be bought by many traders.
1. Sellers are going to cut their losses after break out. = buy
2. New traders going to buy.
3. Sellers having their position above 143 are going to take their profit.

Let's see how it goes. There's no 100% correct answer in the market. maybe right maybe wrong.
If you were wrong, simply give up your idea and go to get another chance !

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.