GBP/JPY: Buying the breakout!
The pair is currently moving inside a flag after breaking a triangle to the upside. The price should move higher but I will wait for a confirmation to go long.
As you can see, as soon as the price will break the 134.620 area with a candle close on H1, I will enter long and target the top of the structure which is also a previous resistance area.
*** Trade at your own risk ***
As you can see, as soon as the price will break the 134.620 area with a candle close on H1, I will enter long and target the top of the structure which is also a previous resistance area.
*** Trade at your own risk ***
Note
Waiting for the breakout Note
Trade closed: target reached
Related publications
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.
Related publications
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.