GBPJPY Long Tradde Idea
Updated
Simple setup with GJ in a very good place currently. There is so much confluence going down in this are that it's almost too
good to be true. A 5 wave impulse complete, price meandering on a minor support level, Divergence with the RSI, a cross-
over of the EMA and the RSI signalling momentum handing over. Quite the handful of bullish pointers. Let us observe this
pair as the week unfolds, it may be worthwhile.
Targets:
- 135.250
- 136.150
- 136.600
Do feel free to drop your comments below should you have a different perspective to the above, I would love to learn as well.
good to be true. A 5 wave impulse complete, price meandering on a minor support level, Divergence with the RSI, a cross-
over of the EMA and the RSI signalling momentum handing over. Quite the handful of bullish pointers. Let us observe this
pair as the week unfolds, it may be worthwhile.
Targets:
- 135.250
- 136.150
- 136.600
Do feel free to drop your comments below should you have a different perspective to the above, I would love to learn as well.
Trade active
Trade is still active, secondary entry point established. Awaiting break above key resistance and entry will be taken on retest.
Note
TP 1 Hit
Note
Note
TP 2 Hit
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.