GBPJPY : Barrier Triangle in the making ?
we have experience heavy downside GJ since early 2020 until now on march 2020.
Critical level : 126.779
what should we expect from critical price ? I assume this price has to be very crucial for market to go more downside, below 126.779, If price fail to break / stay above this level after rejection, we assume (e) triangle will take place with target around 140.444 - Which is very high liquidity as so much transaction held there.
We will find buy setup, if any , above critical level on lower timeframe.
thank you !
Critical level : 126.779
what should we expect from critical price ? I assume this price has to be very crucial for market to go more downside, below 126.779, If price fail to break / stay above this level after rejection, we assume (e) triangle will take place with target around 140.444 - Which is very high liquidity as so much transaction held there.
We will find buy setup, if any , above critical level on lower timeframe.
thank you !