Long GBP/JPY with a risk reward of 1.56
Reason to enter:
1. Candlestick has been retested few times on upper trend line.
2. Candlestick has failed to break through the key weekly support zone.
3. Outside bar formed during the support zone which indicates a bull power.
My TP level would be 145.850 and SL level would be around 143.700.
1. Candlestick has been retested few times on upper trend line.
2. Candlestick has failed to break through the key weekly support zone.
3. Outside bar formed during the support zone which indicates a bull power.
My TP level would be 145.850 and SL level would be around 143.700.
Penafian
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