GBPJPY Clean Naked Trading
200 PIPS snag maybe, but this can be a potential.
Simple:
Support and resistance zone.
Bear trend is coming to an end and I believe the market will go up to 135.000
Why that area?:
Market made that area previously into a resistance area so that will be my take profit zone.
When I drew the Fib retracement down wards i saw that price react to the zone I boxed out.
This is where price will most likely test before shooting back up.
Simple:
Support and resistance zone.
Bear trend is coming to an end and I believe the market will go up to 135.000
Why that area?:
Market made that area previously into a resistance area so that will be my take profit zone.
When I drew the Fib retracement down wards i saw that price react to the zone I boxed out.
This is where price will most likely test before shooting back up.
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