GBPJPY Analysis - Buy 🔺⬆
Updated
Price created an descending channel and broke out of the channel and above the previous high. A retest was likely to occur and be respected in anticipation for momentum to continue up. Price also respected the 0.618 Fibonacci Long.
I will be changing my bias to sells if price breaks below the major support at around 151.335 and 151.217
Buy Entry @ 151.808
Stop Loss @ 151.553
Take Profit @ 152.483
RR ( 1 : 2.65 )
I will be changing my bias to sells if price breaks below the major support at around 151.335 and 151.217
Buy Entry @ 151.808
Stop Loss @ 151.553
Take Profit @ 152.483
RR ( 1 : 2.65 )
Trade active
Trade closed: stop reached
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