TRADE OF THE WEEK | Price Action Trading💰
Updated
Hey traders,
Here is a great long trade that I caught this week on GBPJPY.
The price reached 149.0 major daily key structure support.
Watching the reaction of the price to that structure, I spotted a double bottom formation on 1H time frame.
The trigger that I was looking for was a bullish breakout of its neckline (hourly candle close above).
Once the price broke that, I opened a buy limit order on its retest.
Then, with coming UK news we saw a massive bullish rally.
+230 pips of pure profit.
A great example of how nice winners a rule-based strategy occasionally brings.
Have a great weekend!
❤️Please, support this idea with like and comment!❤️
Note
Check my new idea on EURUSD: 
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
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.