Long GBPJPY with a risk reward of 1.56.
Reason to enter:
1. Candlestick has been retested few times on upper trend line .
2. Candlestick has failed to break through the key weekly support zone .
3. Outside bar formed during the support zone which indicates a bull power.
My TP level would be 145.850 and SL level would be around 143.700.
1. Candlestick has been retested few times on upper trend line .
2. Candlestick has failed to break through the key weekly support zone .
3. Outside bar formed during the support zone which indicates a bull power.
My TP level would be 145.850 and SL level would be around 143.700.
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