GBPJPY, excellent LONG opportunities given confluence of few factors - fib deep retracement with triple bottom pattern & oversold RSI coupled with a visible trendline breakout pending. This offer a lucrative risk return with SL 137 (risking 40 -50 pips) for TP @ 138.50 -60 area, 100-120 pips profit potential..
Trade closed: target reached
TP at 145 finally reached..but expecting BC to terminate at 145.5 very soon..then CD leg to descend back to 50% or deeper retracement of BC leg to complete bullish 5-0
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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.