GBP JPY - Long Flashcard (unless stated otherwise all trade indications are on the M15) Reversal into a long trend Long indicators: - Weekly low held for 3 days - Double bottom formation on the H1 - RSI hook outside volatility bands near 32 TDI - RSI (green) cross Signal line (red) cross entry confirmation - Double bottom formed near weekly low Take profit reasons: TP 1: Just below Yesterday high as this is a very safe target that is usually hit on reversals (45 pips) TP 2: Just below 800 ema since this is usually used as a point of resistance (80 pips) TP 3: Once RSI hooks back into the volatility bands or crosses back under signal line upon candle close (100 pip)
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