Trade idea - GBPJPY Long
4H
Corrective approach towards entry zone.
Market moving in Bull Flag formation.
= Confirmation to place Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
Corrective approach towards entry zone.
Market moving in Bull Flag formation.
= Confirmation to place Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
Note
3M
Bullish M pattern potentially in play.
Clear support & resistance zone is there.
Note
WEEKLY
Possibility that Bullish M pattern plays out.
Clear support & resistance zone is there.
Note
DAILY
Fake Out was formed towards that Weekly support & resistance zone.
Inverse Head & Shoulders pattern was received after.
Now looking for the Bullish M pattern.
Clear support & resistance zone is there.
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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.