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GBPJPY Fractal Resistance Breakout and Long Opportunity

GBPJPY Fractal Resistance Breakout and Long Opportunity

Published: 08-07-2018

Pair / Instrument: GBPJPY

Time Frame: H1

The trend in the Timeframe: BEARISH

The trend in the Daily Chart: BEARISH

Description:  GBPJPY broke the trendline and Fractal Resistance. It is likely to test 144500 resistance.

Trade Based On: Trend Line Breakout

Accuracy: %96

Trade: LONG

Entry: 144.220

Stop Loss: 144.000

Take Profit 1: 144.500

Take Profit 2: 144.700

Ultimate Target: 144.900



Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money



GBPJPY:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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