British Pound / Japanese Yen
Long
Updated

GBPJPY LONG

36
Might be entering a bit too early, but as we can see price has strugglrd in that zone since yesterday. Though it is in a downtrend, we are at a major area of Support, and we have formed a 4h lower high. Also, omn the 15 minute we can see price is struggling with the EMA. Also confirming our buys. lASTLY, We have created a little Demand area on the 1h. These are just my confluences for a buy
Note
This is a high risk trade, If you didn't enter, I suggest you wait for New York session as price MIGHT drop down to grab liquidity.
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At 40 pips I am moving my Stops to BE. 1:3.3 RR
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Stops at BE, if I het tired of the consolidation, I'll close
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BE Trade

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