GBPJPY Finally turning around?

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Hello Traders!

Is GJ finally turning around? On the 4HR I see a CHOCH pattern that was created around Jan. 21st, and it broke out of its consolidation area around 193.000. Right now, I'm waiting on the long to see if it can retest the 193.000 area with bullish continuation. If price can do that, then I'd be interested in a long to tap 198.000 again. So far it's looking good, however, wait for that retest to get the best possible entry. Alerts set around 193.500 🫡

Potential 1:3 Risk to Reward




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Trade active
Entry targets hit. I like the higher close on the 1HR TF at 193.000. Lets see if we can get some momentum🤞
Trade closed manually
No momentum or follow through at 193.500.

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