GBPJPY Still Consolidating But Slowly Climbing
Updated
GJ has been consolidating for awhile but my bias is still bullish. Waiting for price to break above and retest the H4 trend line.
Reasons For Bullish Bias:
- H1 Bullish Choch
- Still forming new HLs
- Small QP 193.75 holding as support
- Multiple rejections at the OTE fib on the H4
Major GBP news coming up in 3 hrs. If I see a trading opportunity after news I will let you know.
Reasons For Bullish Bias:
- H1 Bullish Choch
- Still forming new HLs
- Small QP 193.75 holding as support
- Multiple rejections at the OTE fib on the H4
Major GBP news coming up in 3 hrs. If I see a trading opportunity after news I will let you know.
Trade active
We're in!
Entry 195.543
SL 194.9
TP1 195.743
TP2 196.043
TP3 196.543
TP4 197.543
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Trading Community: t.me/dynamictrades24
Top Regulated Broker: bit.ly/3U8kjgB
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