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ShadielChan

GBPJPY Potential Bullish Engulfing With Trendline support

Long
British Pound / Japanese Yen (FX:GBPJPY)  
ShadielChan  
FX:GBPJPY   British Pound / Japanese Yen
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
We have a potential bullish engulfing setup with trend line support. It is also a double inside bar on the daily looking for breakout and trend continuation. Placed a buy stop with 1:1 ratio. S/L yesterdays low and Entry yesterdays high. 1.5:1 is also a good ratio.
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