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GBPJPY(1Hour): BUY/SELL???
British Pound / Japanese Yen
Long
GBPJPY(1Hour): BUY/SELL???
By DrSwing_Forex
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Aug 12, 2021
2
Aug 12, 2021
Reward:
328.2 pips🤑
Risk:
32 pips ❌
Risk/Reward Ratio:
10.27 ✅
Entry Reasons (1Hour Timeframe)
Price will be making a 3rd touch of the upward trendline.
Price will also be testing a support level which makes this setup have a lot of confluence.
Despite being in a downtrend, price breached the previous LH and this is a sign of a potential trend change from downtrend to uptrend.
Please like if you agree with this idea and follow for access to more of my ideas.
DR.Swing_Forex
Support and Resistance
Trend Analysis
Trend Lines
DrSwing_Forex
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