GBPJPY - Buy Stop
We'll buy at the break of previous high. It can be seen that there is RSI Bullish Divergence as well as horizontal support and trendline support.
It is highly expected that TP2 will hit but we'll take partial profit at level mentioned.
The trend is retracing from 61% fib level.
It is highly expected that TP2 will hit but we'll take partial profit at level mentioned.
The trend is retracing from 61% fib level.
Note
Trade setup updated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.