Long

GBPJPY LONG (1HR)

Updated

BUY@133.520
SL: 60 pips
TP: 238 pips ( 135.910)
RRR: 3.96

Reason for trade:
- Strong Daily/4HR Ascending Trendline (not obvious)
-Fresh 1HR Trendline possible 3 hit incoming
- 50,100,200 EMA all right underneath price
Be aware of 134.,134.5 and 135.

Note

might have missed entry by 15 pips but we will see

Note

direction was correct. There was an opportunity to get in at the the bottom of this bullish momentum.
1HR res was broken, simple retest was done.
100 & 200 ema was right under
Daily Trendline was very close also (this was where original order was placed)

Note

FULL TP WOULD HAVE BEEN HIT. while writing this the highest price has been is my exact tp.

pgrande10

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