GBPJPY Bullish Continuation Breakout Opportunity
GBPJPY price is breaking a credible resistance zone. If the price action is able to print a convincing Higher High, it may be a signal towards a proper Bullish breakout and a potential new ALL TIME HIGH may become more likely.
After the Bulls surf the potential wave till TP1, a probable opportunity may arise for the Bears in the form of a probable Harmonic reversal from key Fibonacci Harmonic price levels which increases the importance of moving SL to Break Even if TP1 hits.
Till then, opportunity may be seized by the Bulls.
Trade Plan:
Entry @ 197
Stop Loss @ 192.3
TP1 @ 201.7
TP2 @ 206.4
No. of Trades: 2
Move SL to Break Even if TP1 hits.
After the Bulls surf the potential wave till TP1, a probable opportunity may arise for the Bears in the form of a probable Harmonic reversal from key Fibonacci Harmonic price levels which increases the importance of moving SL to Break Even if TP1 hits.
Till then, opportunity may be seized by the Bulls.
Trade Plan:
Entry @ 197
Stop Loss @ 192.3
TP1 @ 201.7
TP2 @ 206.4
No. of Trades: 2
Move SL to Break Even if TP1 hits.
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