GBPJPY: Potential 2618 Long Opportunity
Here we have a potential 2618 Long opportunity.
If you look at price action, it came down to test previous structure going oversold on the RSI, pushed off of this level then came back to retest forming a Double Bottom, also showing Bullish Divergence on the RSI. Price then broke above putting in a new structure high so I am now looking at a retracement into the 0.618 for a potential Long.
Thank you to everyone who has liked my ideas and showed support! I really appreciate it. It will make me post more and more trade ideas for you all!
If you look at price action, it came down to test previous structure going oversold on the RSI, pushed off of this level then came back to retest forming a Double Bottom, also showing Bullish Divergence on the RSI. Price then broke above putting in a new structure high so I am now looking at a retracement into the 0.618 for a potential Long.
Thank you to everyone who has liked my ideas and showed support! I really appreciate it. It will make me post more and more trade ideas for you all!
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Penafian
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