Hi everyone this is my first post, I hope you find this information valuable.
GBPJPY has broke and retested a previous support/resistance. I would recommend placing a BUY but ONLY if price action still supports an uptrend when the market opens next week OR if a new bullish price action signal is formed. The market is likely to open below the previous close and may linger around the support before giving a bullish price action signal. I've shown an example of possible Entry, Stop Loss and Take Profit on the chart. I wish you all a good weekend!
GBPJPY has broke and retested a previous support/resistance. I would recommend placing a BUY but ONLY if price action still supports an uptrend when the market opens next week OR if a new bullish price action signal is formed. The market is likely to open below the previous close and may linger around the support before giving a bullish price action signal. I've shown an example of possible Entry, Stop Loss and Take Profit on the chart. I wish you all a good weekend!