GBPJPY Bullish Divergence
Updated
Not finding any of the usual patterns. An equal distance A-B-C-D terminates at 155.165. With RSI divergence;
Buy 155.65 with targets at
156.70
158.00
159.13 (3.6:1 reward:risk)
(A Stochastic RSI lower than 25 would be ideal and its current levels indicate potential for moves lower however 155.60 should provide good support)
Buy 155.65 with targets at
156.70
158.00
159.13 (3.6:1 reward:risk)
(A Stochastic RSI lower than 25 would be ideal and its current levels indicate potential for moves lower however 155.60 should provide good support)
Trade closed: stop reached
-95 pipsTalk about spectacular & wrong!
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