GBPJPY is trading a rising wedge pattern. It is trading in strong support and resistance zone. One can initiate a long trade near the support line of the rising wedge pattern with proper stop loss and risk management system, but if it breaks out of rising wedge pattern on the downside, we may see further downside towards the support zone .

Note – trade with the proper risk management system

Thanks

Vivek_Samale
Vivek_Samale

have half a decade of experience as a trader and enthusiastically learning & developing new strategies and convert it into algorithm trading & also analyzing the companies with ESG method.