GBPJPY SPORT LIGHT
1H timeframe the price has a tendency of Ascending Channel. Currently the price is bouncing and roaming at Channel support $169.655. And now the price has formed double bottom to signify that Buyers Will be in control of the market and vice versa after breakout of Support.
Target after reversal is located at midst of previous High $171.988 and the final previous of the channel at 176.565.
So after seeing that the price can possibly Buy. We can not get into serious waiting for the price Action. We don't forget for the price to break the channel, which Will signify for sellers to be incontroll of the market. So we can put pending odd at $168.774 and target at previous low. #OPINIONLEADER#
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.