GBPJPY Technical Analysis and Trading Strategy.
Updated
After a bullish surge, a bull flag has emerged, indicating a distribution phase. Our strategy involves patiently anticipating a breakout above both the resistance level and the upper boundary of the bull flag. Once this occurs, entry confirmation relies on a robust impulsive bull candle, followed by the implementation of our confirmation strategy. To manage risk, we plan to trail the stop-loss after observing some initial upward movement, aiming to reach the take profit (TP) area if conditions allow.
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