GBPJPY was trading in a falling wedge pattern and now it has given a good breakout from the pattern on the upside, but this upside can be limited in GBPJPY as the price will face multiple resistances on the upside. If long trade initiated on GBPJPY , one should Book Profit at the resistance level , keeping stop loss just below the resistance of the falling wedge pattern.
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Thanks
Vivek
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.
