In this Analysis you can see that the GBPJPY price on the 1D chart (1 Day per candle) is crossing the resistance line after resisting at a low level. The High level has been at around 155.854 Level. As for the new the price broke a resistance level at 155.007 it is possible that the price will continue to Increase.
My entry details:
- Entry Level: 155.854
- Take Profit level: 157.660
- Stop Loss level: 154.478
- Risk: 2% of balance
What do we see (?)
Break of the resistance level around: 155.007
- Crossing of the Momentum indicator and MA indicator.
- Baseline crossing.
- Sufficient volume to trade.
- Long signal(s).
News avoidance (?)
- No specific news event to avoid, it is possible to enter the position as usual.
In my opinion it is possible that the price will rise and a BUY position is suitable in this matter.
*This Analysis is for educational purposes only and is not financial advise.
My entry details:
- Entry Level: 155.854
- Take Profit level: 157.660
- Stop Loss level: 154.478
- Risk: 2% of balance
What do we see (?)
Break of the resistance level around: 155.007
- Crossing of the Momentum indicator and MA indicator.
- Baseline crossing.
- Sufficient volume to trade.
- Long signal(s).
News avoidance (?)
- No specific news event to avoid, it is possible to enter the position as usual.
In my opinion it is possible that the price will rise and a BUY position is suitable in this matter.
*This Analysis is for educational purposes only and is not financial advise.
