Dear Traders,
A notable opportunity is unfolding in GBPJPY, signaling a potential sell-off. The bearish divergence in the RSI is a strong indicator supporting this view.
To maximize profits with reasonable risk, we recommend considering a sell position with an eye on the retracement. The safest entry point appears to be at the 50% market breaker block. Taking partial profits during this retracement, as the price is expected to bounce back temporarily, can be a prudent strategy.
Exercise caution and implement risk management measures to ensure profitable and sustainable trading.
If you have any questions or need further insights, feel free to reach out.
Best regards,
MWK
A notable opportunity is unfolding in GBPJPY, signaling a potential sell-off. The bearish divergence in the RSI is a strong indicator supporting this view.
To maximize profits with reasonable risk, we recommend considering a sell position with an eye on the retracement. The safest entry point appears to be at the 50% market breaker block. Taking partial profits during this retracement, as the price is expected to bounce back temporarily, can be a prudent strategy.
Exercise caution and implement risk management measures to ensure profitable and sustainable trading.
If you have any questions or need further insights, feel free to reach out.
Best regards,
MWK