Hello traders,
If I were to trade just one setup this Thursday, it would be:
1. GBP/JPY
GBP/JPY has hit a key support zone on both the 4hr time frame and daily time frame.
The 2pm candlestick closed as a dragonfly doji (bullish reversal candlestick pattern) on top of a 200 moving average and a key support zone.
Let’s not forget that the stochastic is also giving us a divergence, meaning price bounce is most likely going to happen, so price next possible resistance zone is the green zone
What say you?
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