GBPJPY BULLISH FLAG
Updated
price has made a bullish flag type pattern. an entry on the break of the flag.... which is backed by a psychological level 152.00 flat. if this level holds out it would be a great confirmation for further upwards momentum.
we can expect a break higher possibly to the next psychological level which would be 153.00
TP1:152.300 and bring stop loss to break even.
TP2:152.500
TP3:153.00
1:5 risk to reward
20pip stop loss/100 pips take profit.
risk management is key.
we can expect a break higher possibly to the next psychological level which would be 153.00
TP1:152.300 and bring stop loss to break even.
TP2:152.500
TP3:153.00
1:5 risk to reward
20pip stop loss/100 pips take profit.
risk management is key.
Trade closed: stop reached
entry was too early. price will shoot up in my opinion i am looking for another entry for a buy when the confluences pile up
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