We have here a potential bullish engulfing setup on GBPJPY. It already took yesterdays lows, it was a double inside bar looking for breakout and we have trendline support. Placed a pending order with entry on yesterdays high, S/L on yesterdays low and ratio of 1:1, you can go for 2:1 if you would like. I would just like to be out of the trade and take the money ASAP.
Note
Pending Buy Stop Cancelled. Failed to make Bullish engulfing move
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.