fx_iranian_traders

Price compression at the highest points

OANDA:GBPJPY   Libra esterlina/Yen japonés
Hi everyone
I hope you are successful and profitable in the market
In the chart, we see a strong uptrend that has occurred in a price channel, as you can see, this movement is sharp and the slope of the channel is steep. We expect a price and correction compression after each Sharp process, now we are witnessing this compression and correction. But we are in a place where the price can go well wherever the price goes. Note that in this analysis we are waiting for approval from the chart, and we will not enter into any buying or selling transactions until it confirms us. In the current analysis, we have clearly shown how the price will move.
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