GBPJPY - 22.11.2023
The pair was consolidating just below the trend line which had a resistance just above at 186.162. It was appropriate to take a buy once it broke the trendline, as it had a resistance above, we need to look for buy and sell when the pair come close to the resistance.
As the pair broke the resistance, took a buy trade on candle close and kept a strict stop loss and a target of 1:3 risk to reward ratio and now the stock is heading towards daily resistance of 186.725.
As the pair broke the resistance, took a buy trade on candle close and kept a strict stop loss and a target of 1:3 risk to reward ratio and now the stock is heading towards daily resistance of 186.725.
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