Bullish move on GbpJpy is expected
If you check the daily timeframe you'll see that there was a break of structure forming a new higher high and in the pullback a bullish engulfing pattern was formed.
Scaling down to the H4 timeframe we got a trend line break and a nice bullish engulfing pattern was used as the retest.
Now that level is our new support and it is currently retesting it and about to give us a bullish engulfing again. I've entered a buy position waiting for it to take out the recent high.
Trade safe guy and don't forget to use proper risk management
Scaling down to the H4 timeframe we got a trend line break and a nice bullish engulfing pattern was used as the retest.
Now that level is our new support and it is currently retesting it and about to give us a bullish engulfing again. I've entered a buy position waiting for it to take out the recent high.
Trade safe guy and don't forget to use proper risk management
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