GBPJPY: Selling Opportunity
British Pound/Japanese Yen FX:GBPJPY
The price broke SMA200 and the main uptrend line. We can say that the market is developing a downtrend. If so, it will be better for us to search for a selling opportunity.
If the price breaks 132.00 support, it will give us a sell signal. Stop orders must be placed above the local swing high and SMA50. The profit target should be at 129.250 support. Risk per trade must be no more than 1-% from the trading capital.
P.S. as I don’t use like-bots and other solutions that show great “interest” to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Source: TW DLavrov