๐๐ฏ GBPJPY Bullish Momentum: Capitalizing on the Range! ๐
Hey traders! Are you ready for an exciting ride on the GBPJPY forex pair in the 4-hour timeframe? ๐๐น Let's explore this fantastic bullish setup together!
๐ Range-Bound Market: GBPJPY is currently experiencing a ranging market, with strong support at 180.000 and a formidable resistance at 183.500. In this dynamic environment, traders can spot lucrative opportunities by buying the bottom and shorting the top.
๐ Buyers in Control: The buyers have taken charge as the price recently bounced off the sturdy support level at 180.000 and formed a double bottom
๐ก๏ธ Moving Averages as Support: The moving averages are playing their part as reliable support levels during this bullish momentum. Their alignment reinforces the buyers' strength and provides additional confidence in this setup.
๐น Profit Target: My primary focus is on riding this bullish wave towards the top of the range. As the price approaches the resistance at 183.500, I'll closely monitor the market for a potential shorting opportunity or a breakout setup.
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful ๐
๐ Range-Bound Market: GBPJPY is currently experiencing a ranging market, with strong support at 180.000 and a formidable resistance at 183.500. In this dynamic environment, traders can spot lucrative opportunities by buying the bottom and shorting the top.
๐ Buyers in Control: The buyers have taken charge as the price recently bounced off the sturdy support level at 180.000 and formed a double bottom
๐ก๏ธ Moving Averages as Support: The moving averages are playing their part as reliable support levels during this bullish momentum. Their alignment reinforces the buyers' strength and provides additional confidence in this setup.
๐น Profit Target: My primary focus is on riding this bullish wave towards the top of the range. As the price approaches the resistance at 183.500, I'll closely monitor the market for a potential shorting opportunity or a breakout setup.
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful ๐
ืคืจืกืืืื ืงืฉืืจืื
ืืชื ืืืชืืจ
ืืืืืข ืืืคืจืกืืืื ืืื ื ืืืืจืื ืืืืืช, ืืืื ื ืืืืืื, ืขืฆืืช ืคืื ื ืกืืืช, ืืฉืงืขืืช, ืืกืืจ ืื ืกืืืื ืืืจืื ืฉื ืขืฆืืช ืื ืืืืฆืืช ืฉืกืืคืงื ืื ืืืืฉืจืื ืขื ืืื TradingView. ืงืจื ืขืื ืืชื ืืื ืืืืืืืืช.