GBPJPY: Sell Opportunity
2019-12-05 21:34:14
The market made a good upward movement and reached the resistance zone at 143.00 level. We can expect a pullback from this zone and a new sell opportunity. If the price breaks the uptrend line and the local swing low, it will be the right time to open sell trades.
Entry Price: below 142.835
Stop Level: above 143.310
Profit Level: at 141.850
Risk per trade must be no more than 1% of your capital. If the price breaks the stop level, we will have to search for a new trade opportunity. If the price reaches 142.300, move stop orders to breakeven.