GBP/JPY - BUY
Updated
Daily: Three white soldiers - a sign of bullish phase coming up
Price is at HL after a HH phase, so wait for the next impulse up, price is in a bullish trend on a daily
If price breaks the trendline and the 4hr EMA with retest I will consider buying options
Divergence
Price is at HL after a HH phase, so wait for the next impulse up, price is in a bullish trend on a daily
If price breaks the trendline and the 4hr EMA with retest I will consider buying options
Divergence
Note
1) Price has broken above resistance and trendline, waiting for a retest before an entry
2) Wait for the ABC exhaustion phase
3) Looking for entry at 1hr Rejection
Note
4) Price broke above 4hr EMA
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