GBPJPY SPORT LIGHT
1H timeframe the price has a tendency of Ascending Channel. Currently the price is bouncing and roaming at Channel support $169.655. And now the price has formed double bottom to signify that Buyers Will be in control of the market and vice versa after breakout of Support.
Target after reversal is located at midst of previous High $171.988 and the final previous of the channel at 176.565.
So after seeing that the price can possibly Buy. We can not get into serious waiting for the price Action. We don't forget for the price to break the channel, which Will signify for sellers to be incontroll of the market. So we can put pending odd at $168.774 and target at previous low .
This ideas Are based on PRICE ACTION in current price don't apply for your future, just for educational purposes only
Target after reversal is located at midst of previous High $171.988 and the final previous of the channel at 176.565.
So after seeing that the price can possibly Buy. We can not get into serious waiting for the price Action. We don't forget for the price to break the channel, which Will signify for sellers to be incontroll of the market. So we can put pending odd at $168.774 and target at previous low .
This ideas Are based on PRICE ACTION in current price don't apply for your future, just for educational purposes only
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