GBPJPY ANALYSIS
Updated
GBPJPY Showing signs of reversals. We see on our weekly chart that Price is trading around a support zone and along our Monthly upward trendline. On the H4 we see price tried to break the 128.122 support and is going at it for the third time (Confirming a triple bottom). Should they close above the 128.122 again on the current H$ candle that started at 15:00CAT we could be looking for perfect entry opportunities. For a safer entry We wait for the weekly to close on a hammer or a doji and looking for buy opportunities from next week.
Comment
H4 instead of H...buy confirmation on h4 looking for a tight stop around 128.000.Trade active
Move stops to entry level and hold the trade.Comment
Looking for a re-entry on the 15min double bottom formed and looking to place the stop at the low of the day.Trade closed: stop reached
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