GBPJPY Bullish outlook for D1

3 Şub 2023

Hi traders,

We noticed a few key points we want to share with you today on the GBPJPY.

• We have an incomplete bearish ABCD harmonic trend hike. Once completed, we will expect to see another bearish wave.
  
• We have a bearish trend line that has been respected that is yet to be tested again this coming week. Should we break through, we will have our final confirmation for a bullish reversal on the daily timeframe.
  

For scalpers, we recommend place a stoploss in your profits and wait to see if it breaks out. If it does, you can hold the term. For swing traders, we recommend waiting for for the breakout, followed by a restest and then enter for the term.

Do you agree? Please share your thoughts

Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.

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